Because of their scarcity, the efficient use of resources is:
A) an important issue in all economies.
B) an important issue only in centrally planned economies.
C) an important issue only in market economies.
D) not an important issue.
Correct Answer:
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Q104: Productive efficiency refers to
A) the use of
Q186: Q187: With allocative efficiency: Q188: If an economy produces its most wanted Q189: When an economy achieves both allocative and Q192: You are asked to determine, other things Q193: The concept of economic efficiency is primarily
A)the state of technology, or
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