Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?

Related Mcqs:

An increase either in real output (GDP) or in real output per capita is called___________________?

A. Economic development B. Economic growth C. Growth rate D. Economic efficiency...

In ___________________ we avoid value judgments and focus on facts?

A. Positive economics B. Normative economics C. Theoretical economics D. factual economics...

A rise in the general level of prices in an economy___________________?

A. Inflation B. Dearnen C. Both D. None...

A barrier to the attainment of a set target in a particular period of time?

A. Economic inefficient B. Economic integration C. Economic constraint D. None...

A country’s potential for economic growth is greatly influenced by its endowments of__________________?

A. Physical resources B. Human resources C. Both a and b D. None of these...