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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1275760
Introduction to Economics 1 Deneme Sınavı Sorusu #1275760
Which of the followings refers to the use of scarce resources that will yield the highest possible amount of output or the production of what people demand using the least amount of input?
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Economic efficiency. |
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Long-run equilibrium. |
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Firm equilibrium. |
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Normal economic profit. |
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Allocative efficiency. |
Yanıt Açıklaması:
Economic efficiency is the use of scarce resources—the labor force, natural resources and land—that will yield the highest possible amount of output or the production of what people demand using the least amount of input. Therefore, the correct option is A.
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