Economic efficiency would be primarily discussed with respect to which of the fundamental questions about a competitive market economy?
A) What goods and services will be produced?
B) How will the goods and services be produced?
C) How will the system promote progress?
D) Who will get the goods and services?

Question

Quizplus · Accepted Answer

Economic efficiency primarily deals with how goods and services are produced in a competitive market economy, with the aim of maximizing output and minimizing costs. The other fundamental questions (A, C, and D) are related to allocation, distribution, and progress, which may also impact efficiency, but are not the primary focus of efficiency discussions.

Economic Efficiency Would Be Primarily Discussed with Respect to Which