An efficient allocation of resources occurs when we
A) produce the goods and services that people need.
B) cannot produce more of a good or service without giving up some other good or service that we value more highly.
C) produce the goods and services that people want.
D) cannot produce more of a good or service without giving up some other good or service that we need.
B
Economics
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In the figure above, assuming that the firm does not shut down, the firm will produce
A) fewer than 19 units. B) 20 units. C) 30 units. D) 40 units.
Economics
During what period did the US expand its area by the greatest amount?
a. Since 1970. b. 1910-1950. c. 1880-1900. d. 1800-1850. e. 1781-1795.
Economics