Why is efficiency a critical economic goal?

Answers

Answer 1

Answer:

Efficiency in economics is used to refer to a number of concepts related to maximizing utility and the utilization of all resources in the process of producing goods and services. [1]

An economic system can be called efficient if it meets the following criteria:

# Nothing can be made more prosperous without sacrifice.

#No output can be obtained without increasing the number of inputs.

# There is no production without low unit costs.

#The definition will not always be the same but will generally include all ideas that can only be achieved with the available resources.

An efficient economic system can provide more goods and services to people without using more resources. In a market economy in general it is believed to be more efficient than other alternatives [2]. The first fundamental proposition of welfare is based on the provision of trust, therefore for those who claim that every market is perfectly balanced based on competition is efficient (but only exists if there is no market imperfection).

#sorry if wrong


Related Questions

the magna carta places clear limits on the power of the

Answers

Answer:

King; crown

Explanation:

What is the spread of Bantu culture throughout Africa an example of ?

Answers

Answer: B-Cultural Diffusion

Which is the closest synonym for the word rebellion?
A
Revolution
B
Resolution
C
Cooperation
D
Competition

Answers

Answer:

A is the best answer. Hope this helps!

Answer:

D

Explanation:

Which of the following events took place during the industrial revolution?

Answers

British victory over India in the Battle of plassey which greatly aided in making Britain the textile producer of the world

I hope this was helpful

Very large doses of __________ can cause respiratory depression, coma, and death. A. hallucinogens B. depressants C. cannabanoids

Answers

The answer will be Choice D

If a date does not have an abbreviation after it, when do we assume this date
occurred?

Answers

Answer:

after the year 1582 or simply after 1582

Explanation:

This is the case because it was in this year that the idea of writing dates without abreviations like B.C and A.D etc. was intraduced by Pope Gregory XIII in 1582.

For example, if we were to write this years date with abbrevation it would be 2020 C.E (the abbreviation indicates periods after Christ Era), that is, tweenty thousand and twenty years after Christ Era.  

What are some quotes from the 1787 Virginia Plan?

Answers

Answer: The Virginia Plan was a proposal to establish a bicameral (two-branch) legislature in the newly founded United States. Drafted by James Madison in 1787, the plan recommended that states be represented based upon their population numbers, and it also called for the creation of three branches of government.

Explanation: Introduced to the Constitutional Convention in 1787, James Madison's Virginia Plan outlined a strong national government with three branches: legislative, executive, and judicial. The plan called for a legislature divided into two bodies (the Senate and the House of Representatives) with proportional representation.

One of the first explorers in the british colonies

Answers

Answer:

the first permanent British colony was established in  Jamestown ,Virginia in 1607.

hope it helps :)

Hiya, I need help filling in this table: (it's attached)

Answers

Answer:

● Situation 1

These laws should no more be applied. They present a clear example of Racism.

● Situation 2

Universities should open their doors to every student no matter what is his skin color, his origins...

A teacher has also the right to teach in a university if he is competent. Thsi sepration shoul no more be applied

● Situation 3

These cops should be punished and no more be police officers.

Who where the first two English
settlements in North America

Answers

Answer:

Jamestown & Plymouth Colony

Explanation:

In 1607, 104 English men and boys arrived in North America to start a settlement. On May 13 they picked Jamestown, Virginia for their settlement, which was named after their King, James I. The settlement became the first permanent English settlement in North America.They founded the Plymouth Colony along Cape Cod Bay. It was the second permanent settlement in North America. Between 1628 and 1630, Puritans founded the Massachusetts Bay Colony at what are now Salem and Boston.

What landform is found in NORTHWEST Texas? Question 4​

Answers

Answer: The Great Plains

Explanation:

In your opinion, which reason of exploration had the greatest impact on human history? Be sure to justify your answer.

Answers

Answer:

In my opinion, the reasons for exploration that impacted humanity were to find and establish new trade routes and search for new conquerable lands.

Explanation:

The most important reason for exploration in ancient times was to find better forms of mobility and commercial transportation.

In addition, for many explorers, the desire for exploration was given by numerous rumors and myths about riches in other lands.

Just as the Spanish crown did when they invaded America to exploit the gold of these lands.

Which statement best describes the historical thinking skill of periodization?
A. The ability to examine historical evidence without introducing any
bias
B. The ability to arrange historical events using multiple chronologies
C. The ability to divide history into eras with distinct start and end
points
O D. The ability to determine the approximate age of primary sources

Answers

Answer:

answer is c point

Look at the subcontinent that is India. How has India’s geography helped to protect people living in the Decca plateau

Answers

How has India's geography protected people living in the Deccan plateau? The Vindhya mountains made travel and communication difficult for centuries. ... Asia, the mountains surrounding the deccan prevented them from moving into the interior.

The conquistadors mainly hoped to find in the Americas.

Answers

Answer:

Europeans just wanted to know more facts about the interesting Americans.

Explanation:

The came to study Texas, but they didn't find the resources they needed nor the money in the people.


What European beliefs and values might have led Las Cosas to portray
native peoples in this way?

Answers

Las Casas portrayed the natives as naïve. They believed that the Spanish were sent from heaven, and as such treated them well until the cruelty started. Las Casas also portrays the weapons that the natives use similar to naïve boys.

Which of the following statements best describes the standard of living in Europe? A. Europeans have among the highest standard of living in the world. B. Most Europeans are very poor. C. Few Europeans can read or write. D. Europeans have a standard of living similar to the global average. Please select the best answer from the choices provided A CB C D​

Answers

Answer:

A.

Europeans have among the highest standard of living in the world.

Explanation:

What country would you associate Hinduism with?

Answers

Answer:

i think India is associated with hinduism

Explanation:

hope it will help ^_^

Answer: Indus Valley, near modern-day Pakistan.

Explanation:

Some Native tribes were nomadic and moved their homes, some Native tribes were more permanent. What was the major difference in why these tribes moved or stayed put?

Answers

Answer:

Many thousands of years before Christopher Columbus’ ships landed in the Bahamas, a different group of people discovered America: the nomadic ancestors of modern Native Americans who hiked over a “land bridge” from Asia to what is now Alaska more than 12,000 years ago. In fact, by the time European adventurers arrived in the 15th century A.D., scholars estimate that more than 50 million people were already living in the Americas. Of these, some 10 million lived in the area that would become the United States. As time passed, these migrants and their descendants pushed south and east, adapting as they went. In order to keep track of these diverse groups, anthropologists and geographers have divided them into “culture areas,” or rough groupings of contiguous peoples who shared similar habitats and characteristics. Most scholars break North America—excluding present-day Mexico—into 10 separate culture areas: the Arctic, the Subarctic, the Northeast, the Southeast, the Plains, the Southwest, the Great Basin, California, the Northwest Coast and the Plateau.

Q1 Define the concept of democracy?
_____________

Q2 What are the 3 branches of the government?
_________
_________
__________

Q3Which branch does the President of the US belong to?
________.

Q4What is the Rule of Law?
________

Q5 The United States of America has a____
type of government."

(A) democratic
(B)communist
(C) socialist

Answers

Answer:

B communist youre welcome

How could there be different stories of the event if no one is lying?

Answers

Answer:

Explanation:

if theres two sides of 1 story

If there are two sides to a story if no one is lying.

What are the 2 sides of every story?

There are constantly aspects to each tale, and it is generally clever, safe, and charitable, to take the exceptional; however there might be nobody way in which folks are so the danger of being wrong, as in presuming the worst is proper, and in forming and expressing their judgment of others, and of their moves, without.

An arguable difficulty, collectively with international warming, can be researched through the use of the great assets of the internet. The scholars will study everything, either supporting or disputing the data, critiques, and other records.

Learn more about stories here: https://brainly.com/question/25605883

#SPJ2

PLEASE HELP ME SOMEONE

How have the Gullah people influenced the culture of South Carolina?


A. The Gullah created the official stats dance, which is known as the shag.


B. Words such as goober,gumbo,and yam come from the Gullah.


C.A Gullah writer penned the book "Uncle Remus".


D. The Gullah hold a large festival that attracts people from across the stats

Answers

Answer:

D.  The Gullah hold a large festival that attracts people from across the states

is the correct answer

Explanation:

Gullah people mostly live in the low country region of the U.S states of Georgia, South Carolina, Florida in both the sea Islands and coastal plain.  They are known for preserving their African cultural and linguistic heritage more than any other African-American community in US. Gullah community has attracted study by anthropologists, linguists and historians. Gullah now organize cultural festival every year in the town of the low country. Their culture is also celebrated in other parts of US.

Aristocracy is the Government Democratic?

Answers

Well, First of all.....Let's know what is Aristocracy !!

What is Aristocracy?

It is the form of government or a society in which special titles and privileges are given to a small and special class of people. The others are referred to be backward castes or lower grade families, they are bound to pay taxes and have to suffer a lot.

What is Democracy?

According to American President, Abhram Lincoln Democracy is the form of government of the people, by the people and for the people. Here, The rule supports each and every individuals of the nation and they have many human rights like Right to life, Right to equality, Right against exploitation etc.

➙ So, Clearly the above statement is False✖. Aristocracy is not a democratic government[tex].[/tex]

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What makes up a mystery?

Answers

Answer/Explanation: Plot, Characters, Setting, Solution, Problem

Here is a mnemonic to remember these 5 things:

Polly Could Sew Silk Pajamas.

Answer:

The Plot, Setting, Characters, Problem, Solution

These are the five elements that make up a mystery.

The Plot is the point of the story.

The setting is time and place a story takes place.

The characters are people/beings in a story.

A problem is the issue in a story.

The solution is the thing that resolves the problem.

What was the relationship between the American Revolution and the French Revolution? A Both began when Enlightenment ideas led their kings to treat people harshly. B Both formed because the Enlightenment changed people's ideas about religion. C Both were based on the Enlightenment's ideas about equality and freedom. D Both followed Enlightenment ideas written in the Declaration of Independence.

Answers

Answer:

Revolt and Rebelling

Explanation:

The French people saw that a revolt could be successful – even against a major military power and lasting change was possible. Many experts argue that this gave them the motivation to rebel.

Who led the Negro League in home runs a total of six times between 1921 and 1933?

Answers

The answer is Oscar Charleston

Name three ways that Oklahoma’s centennial was celebrated

Answers

The correct answer to this open question is the following.

The three ways in that Oklahoma’s centennial was celebrated were through ceremonies, parades, and fireworks.

It was a big moment in the history of the state of Oklahoma. So the occasion invited to big celebrations in the entire state.

The state government, with the support of private companies, organized many activities to celebrate the important date. There were concerts, parades, and dedication of projects in different locations. For instance, there were restorations of old buildings, historic sites, the creation of new monuments, and a brand new dome for the capitol in Oklahoma City. Some people questioned these improvements because they were expensive: approximately 30 million. Money that could have been used to other priorities and necessities.

After building 13 successful American colonies Great Britain faced an extraordinary problem, the American Revolution. American colonists felt their rights had been violated by their government. Explain how the issues of taxation and violation of individual rights led to the outbreak of the American Revolution using evidence to support your claim.

Answers

Answer:

The American Revolution was the Thirteen Colonie's response to the exploration of the metropolis, England.

Explanation:

The colonies had their own organization system. In addition, they became independent, which caused discomfort when the metropolis tried to exercise greater power over the colony. Thus, when England tried to impose power over the colonies, reducing their autonomy, the revolutionary movement began. In order to recover its economy after the Seven Years War, England began to create several laws that were considered unpopular in North America. Thus, laws such as the Stamp Law - considered that every order would only be valid with the English seal - and the Tea Law generated discontent in the colonies.

As resistance to European settlement in the Americas, what native ruler, who was referred to by Europeans as King Philip, led an attack across modern-day Massachusetts in which hundreds died on both sides

Answers

Answer:

Metacomet or Metacom

Explanation:

Metacom or Metacomet an elected chief to the Wampanoag people, also known as King Philip, was the second son of the sachem Massasoit. The Wampanoag Indians inhabited in parts of coastal regions (modern-day Massachusetts and Rhode Island).

The war between the indigenous inhabitants of New England and New England colonists called the King Philips War. It was the first Indian War in America to avoid recognizing English authority and stop English settlement. The colonists' ruthless desire for more land on the native lands and the execution of three Wampanoag men by them angered the Native Indians.

which groups are part of the executive branch and advise the president

Answers

Answer:

The State Department

The Department of Homeland Security

Explanation:

To my own knowledge about the group's which are also an arm which made up of the executive branch and dish advice out to the president are : ,1) The State Department which are also commonly recognize as the United State Department of State is bestowed with the responsibility to give quality advices to the president on issues relating to United States foreign policy and international relations.

2)The Department of Homeland Security : The main work of the DHS is to ensure public security and also advices the president of issues relating to it

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