The efficiency factor involves both productive and allocative efficiency, which means in order to reach its full production potential an economy must . Multiple choice question. use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being use its resources in the most costly way to produce the specific mix of goods that maximizes people's well-being use its resources to maximize profits at any cost use the most resources to get the most goods and services for the most people

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.

Drag the tiles to the correct boxes to complete the pairs. match the scenarios with terms related to financial aid. entrance counseling fafsa financial need megan is planning to pursue an undergraduate degree in chemistry. but since her father lost his job five years ago, the family had been unable to save up enough for megan's education. arrowright kunal recently learned that he is going to receive a student loan. now he needs to attend a session in which he will learn the how the loan process works, as well as his responsibilities as a borrower. arrowright josie created an fsa id and completed a long application form online. the form asked for a lot of financial details about josie and her family. arrowright