An economy is productive efficient if it produces
A) more than enough food to feed everyone.
B) more goods and services in each successive year.
C) maximum output with given resources and technology.
D) enough output so that no one lives in poverty.

Question

Quizplus · Accepted Answer

Productive efficiency refers to the ability of an economy to produce the maximum output possible with its given resources and technology. It is not related to the production of specific goods such as food or the elimination of poverty. Therefore, option C is the correct choice.

An Economy Is Productive Efficient If It Produces