Which of the Following Will be Accomplished by Efficient Allocations of the Factors of Production?
Answer :
A. Ensuring economic profitability.
B. Understanding whether a product will fail.
C. Fulfilling many needs and wants of society.
D. Replenishment of limited resources.
Correct Answer: C. Fulfilling many needs and wants of society.
When resources are used wisely, it helps society get what it needs and wants because we're not wasting anything, so we can save some for later.
Related Questions: Which of the Following Statements About Savings Accounts is False?
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