Which of the following will be accomplished by efficient allocations of the factors of production?

A. Ensuring economic profitability.
B. Understanding whether a product will fail.
C. Replenishment of limited resources.
D. Fulfilling many needs and wants of society.

Correct Answer: D. Fulfilling many needs and wants of society.

When resources are used efficiently, society can better meet its needs and desires without unnecessary waste, ensuring that supplies remain available for the future.

 

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