Answer:
Efficiency
Explanation:
Efficiency refers to the ratio of output to a resource provided. it is considered to be an effective work for less input provided. it is referred to the ability to provide the best result by avoiding energy waste, or without wasting time, energy. it stands between the effective and less effective.
It helps to determine the workability of the task or how effective the work or process is.
The type of insurance, which is required to be taken under the provisions of the law related thereto, is the auto insurance. Therefore, the option A holds true.
<h3>What is the significance of an auto insurance?</h3>
An auto insurance can be referred to or considered as an insurance which insures the vehicle in case of an accident or mishappening against which it has been insured. In order to maintain road safety, the law mandates taking an insurance at the time of vehicle purchase.
Therefore, the option A holds true and states regarding the significance of an auto insurance.
Learn more about an auto insurance here:
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The three reasons for settlement were Charity, Economics, and Defense.
<u>Answer:
</u>
For the fact that the resources are limited, the economies must make the decisions.
<u>Explanation:
</u>
- At any given time, the resources that an economy can make the most out of are limited. It is mandatory for the economies that for their own benefit, they make the best and optimum use of the resources they have at hands before they run out of resources of waste them in insignificant activities.
- All the decisions pertaining to resources and their distribution must be hence left into the hands of the economy so that the best financial use of the resources in done.
