Productive efficiency means that goods and services are being produced by society in the least costly way.
Answer the following statement true (T) or false (F)
True
Economics
You might also like to view...
People have a demand for liquidity because
A) liquidity increases one's options. B) the rate of interest is positive. C) they have confidence in their own future earning power. D) they prefer present goods to future goods.
Economics
What is a minimum wage? What are the effects of a minimum wage set below the equilibrium wage rate?
What will be an ideal response?
Economics