Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ai Which of the following best describe the virtue of efficiency? (Check all that apply.) Multiple select question. The market encourages the development and adoption

ai Which of the following best describe the virtue of efficiency? (Check all that apply.) Multiple select question. The market encourages the development and adoption of new and more efficient production techniques. The market system promotes the efficient use of resources by guiding them into the production of the goods and services most wanted by society. The market system allocates resources equally in order to produce goods and services. The market system encourages skill acquisition, hard work, innovation, and entrepreneurship

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting A Focus on Ethical Decision Making

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

5th edition

324663854, 978-0324663853

More Books

Students also viewed these Economics questions

Question

=+a) What time series components do you observe in this series?

Answered: 1 week ago

Question

What is a distribution memorandum?

Answered: 1 week ago