Society wants to use its scarce resources efficiently. To achieve this economic goal it must:
A) have full employment and full production.
B) have a fixed resource base and fixed technology.
C) expand the use of capital goods and reduce the use of labor.
D) increase the rental, interest, wage, and profit payments to the factors of production.

Question

Quizplus · Accepted Answer

Efficient use of scarce resources requires full employment and full production, ensuring that all available resources are utilized effectively without waste.

Society Wants to Use Its Scarce Resources Efficiently