Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
Answer:
D) none of the above
Explanation:
The first step in self-instruction involves specifying a goal and defining the behavior to be changed.
People have a habit of paying close attention to the lives and behavior of those around them, but they forget to self-assess, recognize their behavior, set their goals, and reflect on what points of their behavior should be changed so that the goals are achieved.
One of the points of self-instruction is self-awareness, and you can manage yourself only if you are aware of its potentials and limitations. When these points of your personality are recognized it will be possible to set the goals you want to achieve and what you must change in your behavior so that you can accomplish what you want.
Spearman would have supported the notion that intelligence resulted from a single ability and could be represented by a single test score.
Herodotus - Father of History; wrote history of Persian Wars