What is the primary focus of economic efficiency?

Economic Concepts and Principles Assessment

Interactive Video
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Business
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maximizing output from given inputs
Increasing the GDP
Ensuring equal distribution of resources
Providing economic security
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is economic growth typically measured?
Through the fairness of resource distribution
Through the Gross Domestic Product (GDP)
By the level of economic freedom
By the amount of economic security
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic goal focuses on the potential output of an economy?
Economic freedom
Economic equity
Economic growth
Economic efficiency
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the production possibilities frontier represent?
The maximum potential output of an economy
The level of economic freedom
The degree of economic security
The fairness of resource distribution
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does economic freedom primarily involve?
The ability to buy and sell freely
The level of government intervention
The fairness of income distribution
The predictability of economic output
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes economic security?
Freedom to choose one's career
Equal opportunity for all citizens
Access to essential needs like food and shelter
Protection from military attacks
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does equity differ from equality in economic terms?
Equity is a short-term goal, while equality is a long-term goal
Equity is about fairness, while equality is about sameness
Equity ensures equal income, while equality ensures equal opportunity
Equity focuses on economic growth, while equality focuses on stability
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