Measurement of economic efficiency is based on _____ and fails to consider the _____ that leads to the level of efficiency.
A)monetary measures; result
B)outcomes; process
C)process; fairness
D)impacts; monetary measure

Question

Quizplus · Accepted Answer

Measurement of economic efficiency is based on outcomes, such as output or productivity, without considering the process that leads to that level of efficiency, such as the availability of resources or the quality of work that produces the output. This narrow focus on results can lead to overlooking important factors, such as fairness or sustainability, that may affect long-term economic performance.

Measurement of Economic Efficiency Is Based on _____ and Fails