-The Table Below Shows Four Alternative Techniques for Assembling a Car

question 257

Multiple Choice

-The table below shows four alternative techniques for assembling a car. Which of the four techniques for assembling a car cannot be economically efficient with any input prices?

• A) T-1
• B) T-2
• C) T-3
• D) T-4

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Definitions:

Allocation of Resources

The process of allocating resources among competing uses or projects in order to achieve desired outcomes.

Poverty Rate

The percentage of the population whose family income falls below an absolute level called the poverty line.

Average Income

The total income received by a group divided by the number of people in that group.

Poverty Rate

The percentage of the population whose income falls below a certain threshold, defining them as living in poverty.