Resource Use Is Allocatively Efficient When

question 367

Multiple Choice

Resource use is allocatively efficient when

• A) we produce the amount of the different goods we value most highly.
• B) we produce the goods with the highest opportunity cost.
• C) we cannot produce more goods and services.
• D) we produce the goods with the lowest opportunity cost.

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Definitions:

Taxonomy

Taxonomy is the science of describing, naming, and classifying species of living or fossil organisms.

Monophyletic

Describes a group of organisms that form a clade.

Lemurs

A group of primates native to Madagascar, characterized by their large eyes, nocturnal habits, and varied social structures.