Efficiency in the distribution and allotment of goods and services is known as:
A) allocative efficiency.
B) allocative effectiveness.
C) productive efficiency.
D) productive effectiveness.

Question

Quizplus · Accepted Answer

Allocative efficiency occurs when goods and services are distributed according to consumer preferences, ensuring that resources are allocated in the most beneficial way to meet the needs and desires of society.

Efficiency in the Distribution and Allotment of Goods and Services