The most desirable combination of output attainable with existing resources, technology, and social values is known as the
A) Optimal mix of output.
B) Efficient mix of output.
C) Optimal mix of production.
D) Efficient choice of production.
Correct Answer:
Verified
Q2: Market failure implies that the market mechanism
A)Leads
Q2: Market failure leads to
A) An equitable distribution
Q4: Government intervention may be appropriate to correct
Q7: The optimal mix of output is the
Q8: From an economic standpoint, government intervention is
Q8: The optimal mix of output is always
Q9: When market failure occurs,the role of government
Q10: Which of the following is a source
Q11: If production in the economy is efficient,
Q14: The market
A)On its own may not always
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents