One way to increase economic efficiency in saving lives is to

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Quizplus · Accepted Answer

By shifting resources toward methods with a low cost per life saved, economic efficiency can be increased. This means that for every unit of resource spent, more lives can be saved. It is a way of maximizing the use of scarce resources to achieve the greatest benefit. Choosing methods with a high cost per life saved would be less efficient and may not have the same impact. Allocating more or fewer resources without considering cost and effectiveness could also lead to inefficiencies. Moving along the production possibilities frontier and increasing the number of lives saved requires additional resources, which may not always be feasible or efficient.

One Way to Increase Economic Efficiency in Saving Lives Is