An efficient outcome is one in which the economy is conserving the largest possible amount of resources,while still meeting the basic needs of society.

Name: An efficient outcome is one in which the economy is conserving the largest possible amount of resources,while still meeting the basic needs of society.
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Question

Quizplus · Accepted Answer

An efficient outcome is one where resources are allocated in a way that maximizes total benefit or output, not necessarily conserving resources.

An Efficient Outcome Is One in Which the Economy Is