An allocation of resources is technically efficient if:
a. it is impossible to increase the output of a particular good.
b. it is possible to increase the output of all goods.
c. it is impossible to increase the output of one good without cutting back on the production of something else.
d. it is possible to increase the output of one good.
c
Economics
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Increasing the transfers from workers to the unemployed counts as:
A) fiscal policy. B) monetary policy. C) neither fiscal nor monetary policy. D) both fiscal and monetary policy.
Economics
A tax system that applies a lower marginal tax rate at higher levels of income is
A) progressive. B) regressive. C) proportional. D) backward.
Economics