If a Market Is Productively Efficient

question 26

Multiple Choice

If a market is productively efficient,

• A)the output is being produced at the lowest possible resource cost
• B)the output is selling for the lowest possible price
• C)economic profit in the market is positive
• D)the output being produced is what consumers want
• E)no firm can earn a normal profit

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Definitions:

Racial Integration

The process of ending racial segregation, typically referring to the desegregation of schools and other public facilities in the United States.

Wartime Cultural Practice

Cultural behaviors and norms that arise or become prominent during times of war, which may include rituals, arts, or social activities meant to boost morale or solidarity.

Ethnic Minorities

Groups of people who differ in race, religion, or cultural background from the majority population in a specific country or region, often facing distinct social and economic challenges.

Women's Jobs

Employment roles traditionally or predominantly occupied by women, often characterized by sectors such as teaching, nursing, and clerical work, though this has evolved over time.