Resource use is allocative efficient
A) when it is not possible to produce more of one good.
B) when we produce goods and services that we value most highly.
C) when most resources are fully employed.
D) at any point on the PPF.
E) at all points either on or within the PPF because all these production points are attainable.
B
Economics
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a. face greater risk b. face the same risk c. face lower risk d. always receive a higher return on their investment e. always receive a lower return on their investment
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Which of the following is NOT a result of specialization?
A. Wealth B. Innovation of existing products C. Development of new products D. One-sided benefits
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