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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: If society can produce more of one good but must forgo some of another good to do so, it is definite
Post by: Loraine on Jun 20, 2015
If society can produce more of one good but must forgo some of another good to do so, it is definitely achieving
A) both production and allocative efficiency.
B) only production efficiency.
C) only allocative efficiency.
D) neither production nor allocative efficiency.
E) None of the above answers is correct because when society must forgo another good to produce more of one good, then society might be production efficient or it might be allocatively efficient.


Title: Re: If society can produce more of one good but must forgo some of another good to do so, it is defi
Post by: Sydnie on Aug 10, 2015
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