The lack of long-term economic development prevalent among many LDCs is evidence that relatively efficient economic markets may lead to socially undesirable outcomes

In the U.S., the employment ratio is highest among ________, and lowest among ________

A) women; both sexes combined B) men; college-educated workers C) women; men D) men; women

Efficiency is achieved

A) when output is being produced at a point inside a production possibilities curve. B) when producers are getting the maximum possible output from the available resources. C) when consumers are able to buy everything that they want. D) when prices of all goods and services go to zero.