Which of the Following Will be Accomplished by Efficient Allocations of the Factors of Production?

Answer :

A. Ensuring economic profitability.

B. Understanding whether a product will fail.

C. Fulfilling many needs and wants of society.

D. Replenishment of limited resources.

Correct Answer: C. Fulfilling many needs and wants of society.

When resources are used wisely, it helps society get what it needs and wants because we're not wasting anything, so we can save some for later.

Resolve all your doubts in One Place

We provide expert solutions to your questions. Search for your doubts here and resolve your queries smoothly.

ASK your question

Accounts students face several problems in crafting their assignments. So, most of them look for account assignment help online, and you will be surprised to know that we can provide you with this. Our services are affordable, and you can buy assignments from us. Our writers will ensure to deliver you a perfect document the way you want.

Recently Added Questions

What Is One Way a Command Economy Affects The Lives Of Private Citizens?

Downloads: 2347 Pages: 1 Words: 148

A. Citizens Must Pay For Their Own Health Care. B. Citizens Have Limited Access To Education. C. Citizens Cannot Make Most Economic Decisions. D. Citizens Can Only Work In Factories Or On Farms. Correct Answer: C. Citizens Cannot Make Most Economic Decisions. A command economy is a system ...

View

An Extended Recessionary Period is Indicative of?

Downloads: 1699 Pages: 1 Words: 125

A. A growing economy. B. The end of a recession. C. Depression. D. The start of a recovery. Correct Answer: C. Depression. An extended recession means that a country's economy is in trouble for a prolonged period. This includes economic crises, bank failures, business bankruptcies, and high ...

View

Which Best describes What Injector Factors bring to an Economic System?

Downloads: 1907 Pages: 1 Words: 136

A. Imports B. Consumers C. Factors of production D. Money Correct Answer: D. Money Explaination: The government finances several initiatives, including social security and farm subsidies, which infuse money into the economy. The economic system benefits from injector elements, including ...

View

What Restriction Would the Government Impose in a Closed Economy?

Downloads: 1959 Pages: 1 Words: 146

A. The government would prohibit trade with other nations. B. The government would set the prices for imported goods. C. The government would preserve traditional customs only. D. The government would prevent private ownership of property. Correct Answer: A. The government would prohibit trade ...

View

Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.