Solved

"Production Efficiency" Is Described As

Question 72

Multiple Choice

"Production efficiency" is described as:


A) goods and services are being produced at their lowest resource cost.
B) the mix of goods and services produced is just what the society desires.
C) when one country has a lower opportunity cost of producing a good than another country.
D) when one country can produce more of a good than another country.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents