Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following best describe the virtue of efficiency? (Check all that apply.) Multiple select question. The market system encourages skill acquisition, hard work,
Which of the following best describe the virtue of efficiency? (Check all that apply.) Multiple select question. The market system encourages skill acquisition, hard work, innovation, and entrepreneurship. 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started