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Question 8

Productive efficiency refers to:

  • A.the use of the least-cost method of production
  • B.the production of the product-mix most wanted by society
  • C.the full employment of all available resources
  • D.production at some points inside of the production possibilities curve.
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2011/2012
Question no.
#8
Type
Objective
Previous · Q7If the production possibilities curve were a straight downsloping line, this… Next · Q9 Which of the following statements is correct?

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