The most desirable combination of output attainable with existing resources,technology,and social values is known as the
A) Optimal mix of output.
B) Efficient mix of output.
C) Optimal mix of production.
D) Efficient choice of production.
Correct Answer:
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Q4: A private good
A)Is consumed by one person
Q5: The market
A)On its own may not always
Q6: The optimal mix of output is the
Q7: Which of the following is most likely
Q8: If production in the economy is efficient,then
Q10: In a market economy,producers will produce the
Q11: Which of the following is an example
Q12: Any imperfection in the market mechanism that
Q13: The term market mechanism refers to
A)The use
Q14: Which of the following is a source
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