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Question 18

The concept of economic efficiency primarily refers to

  • A.obtaining the maximum output from available resources at the lowest possible cost
  • B.conservation of our petroleum resources
  • C.equity in the distribution of the nation's wealth
  • D.producing without waste
  • E.none of the above
Objective

Question details

Exam body
UI
Subject
Economics
Year
2013/2014
Question no.
#18
Type
Objective
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