Allocative efficiency best explains ________, and productive efficiency best explains ________
A) why something will be produced; what will be produced
B) what will be produced; how something will be produced
C) how something will be produced; when something will be produced
D) when something will be produced; why something will be produced
B
Economics
You might also like to view...
Over the past several decades there has been rapid growth in international trade. This growth has been due to all but one of the following factors. Which factor has not contributed to the growth of international trade?
A) a change in the tariffs charged on many goods B) favorable changes in government policies C) a reduction in shipping costs D) the spread of reliable communications
Economics
An optimal two-part tariff pricing schedule maximizes consumer surplus
Indicate whether the statement is true or false
Economics