In economic terms, what is achieved when the economy gets the most out of its scarce resources?
a. equilibrium
b. specialization
c. efficiency
d. advantage
c. efficiency
Economics
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The phrase "demand has decreased" means that
A) there has been an upward movement along a demand curve. B) a demand curve has shifted to the right. C) a demand curve has shifted to the left. D) there has been a downward movement along a demand curve.
Economics
Perry should specialize in the production of
A. both goods. B. poems. C. novels. D. neither good.
Economics