Which statement is true?
A)Productive efficiency has never been achieved.
B)The U.S.economy achieved productive efficiency from mid-1997 through mid-2001.
C)The U.S.economy achieved productive efficiency from 1980 to 1997.
D)Our economy generally attains productive efficiency.

Question

Quizplus · Accepted Answer

Productive efficiency occurs when an economy or entity is operating at its maximum capacity, utilizing all available resources effectively to produce goods and services. The statement that the U.S. economy achieved productive efficiency from mid-1997 through mid-2001 is considered true, reflecting a period of significant economic growth, low unemployment, and high productivity in the country.

Which Statement Is True