Productive efficiency means___________________?

Related Mcqs:

An economic system in which traditions and customs determine how the economy would use its scare resources ?

A. Traditional economy B. Mixed economy C. capitalistic economy D. Command economy...

All points on the production possibility curve explain__________________?

A. Allocative efficiency B. Productive efficiency C. Less than full use of resources D. Unattainable levels of output...

A decrease in the governmentally defined value of currency ____________________?

A. Inflation B. Devaluation C. Cheapness D. All...

Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ?

A. Black market B. Buffer stocks C. Capital stocks D. Speculation...

To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?

A. Law of diminishing return B. Say’ law C. Law of diminishing marginal utility D. Say’ law...