ATI TEAS 7 Reading Practice Test Related

Review ATI TEAS 7 Reading Practice Test related questions and content

What is the best definition of economy as it is used in this passage?

  • A. Exchange of money, goods, and services
  • B. Delegation of household affairs
  • C. Efficient money management
  • D. Less expensive
Correct Answer: C

Rationale: The correct definition of 'economy' in this passage is 'efficient money management.' The passage emphasizes the importance of expending less than what is earned, which is a key aspect of efficient money management. Choice A, 'Exchange of money, goods, and services,' is too broad and does not capture the essence of the passage. Choice B, 'Delegation of household affairs,' is not directly related to the context of the passage. Choice D, 'Less expensive,' does not encompass the concept of managing money efficiently as discussed in the passage.