For any combination or outputs, there is an efficient allocation of income.

In terms of life expectancy and infant mortality, other OECD nations are able to generate superior health care outcomes with fewer resources relative to the United States

Indicate whether the statement is true or false

The underground economy—the informal sector—can be a significant drag on the economies of developing countries. Why are firms in the informal sector often less efficient than firms in the formal sector?

What will be an ideal response?