2
QuizMultiple Choice

Topic Test

Question 2 • LA-Financial Math A

An efficient economy is one that

Answer
A
has very few people who do not work for a living.
B
makes the best use of some its goods and services.
C
uses its resources to make the most goods and services.
D
makes the least costly use of its resources.

Explanation

An efficient economy uses its available resources to produce the greatest possible amount of goods and services. Choice C states this directly. Having few people out of work or using resources at the lowest cost alone does not fully define economic efficiency.

AI-written and checked against the verified answer.

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