Which of the following statements best describes productive efficiency?
a. Productive efficiency occurs when as additional increments of resources are added to produce a good or service, the marginal benefit from those additional increments decline.
b. Productive efficiency occurs when it is impossible to produce more of one good (or service) without decreasing the quantity produced of another good (or service).
c. Productive efficiency occurs when a country can produce a good at a lower cost in terms of other goods or when a country has a lower opportunity cost of production.
d. Productive efficiency occurs when the mix of goods being produced represents the mix that society most desires.
b. Productive efficiency occurs when it is impossible to produce more of one good (or service) without decreasing the quantity produced of another good (or service).
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When an employee puts in extra time and effort with the hopes of receiving a large bonus, this employee is being motivated by
a. expectancy b. goals setting c. rewards d. benefits
Under Special 301, what is the U.S. government required to do?
What will be an ideal response?