Question
Choose the Best Answer No Explanation Needed CHOOSE THE BEST ANSWER 14. The question: How to produce? It involves three additional questions a) Who organizes
Choose the Best Answer No Explanation Needed
CHOOSE THE BEST ANSWER
14. The question: How to produce? It involves three additional questions
a) Who organizes the production? Who is in charge of the resources? What is the production?
b) Who discriminates? Are the costs reasonable? Who manages?
c) Who organizes the production? What technique will I use? What resources will I use?
d) What capital will I use? What is the Earth? Who controls the prices?
15. Three of the five economic functions of the Government are:
a) Provide the legal and social framework, control large corporations, subsidize the poor
b) Preserve competition, an equitable distribution of income, strengthen the tax system
c) Stabilize the economy, redistribution of income for equity reasons, reallocate resources
d) Control the banking system, control consumption, control market prices
16. Economic efficiency has as goals:
a) Full production, full use of the factors of production, law of decreasing opportunity cost
b) Increase production volume, reduce costs, full use of resources
c) Reduce production costs when technology does not achieve it
d) The best combination of products with the least resources
17. Dynamic economic efficiency refers to:
a) Increase production volume, reduce costs, full use of resources
b) When technology reduces production costs
c) The best combination of products with the least resources
d) The activity of searching for the best combination of resources
18. The allocative efficiency refers to:
a) Increase production volume, reduce costs, full use of resources
b) When technology reduces production costs
c) The best combination of products with the least resources
d) The activity of searching for the best combination of resources
19. Technical efficiency refers to:
a) Increase production volume, reduce costs, full use of resources
b) When technology reduces production costs
c) The best combination of products with the least resources
d) The activity of searching for the best combination of resources
20. The administrator is:
a) One who supplies resources in solving a problem
b) The one who ministers the factors of production: clothes, shoes, house and food
c) The one who supplies the economic resources in the producing company
d) The one who directs agricultural and commercial production
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