Suppose France has achieved the ability to produce baseball bats at the lowest possible resource cost, but hardly anyone in France plays baseball. This means that France has achieved
A) both production and allocative efficiency.
B) neither production nor allocative efficiency.
C) production efficiency but not allocative efficiency.
D) allocative efficiency but not production efficiency.
Correct Answer:
Verified
Q1: (Figure: PPF of Econia (a small nation))
Q2: (Figure: Tanks and Health Care) Which
Q3: Which question would be considered one of
Q4: In which market system does the government
Q5: Which would not be considered one of
Q7: Which combination between factors of production and
Q8: If a country's PPF is linear, this
Q9: If the following two bundles (10, 5)
Q10: Which factor is MOST likely to shift
Q11: Which point on the following PPF best
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