China Produces Many Products at the Lowest Cost Possible, Even

question 118

Multiple Choice

China produces many products at the lowest cost possible, even though Chinese consumers do not desire many of these products (e.g., football helmets) . China is achieving:

• A) production efficiency only
• B) allocative efficiency only
• C) both production efficiency and allocative efficiency
• D) neither production efficiency nor allocative efficiency

---

Definitions:

Tay-Sachs Disease

A rare, inherited disorder that destroys nerve cells in the brain and spinal cord, manifesting primarily in infants and leading to rapid degeneration of motor and cognitive skills.

Jewish Populations

Groups of individuals who identify with the Jewish faith, culture, or ethnicity, residing in various parts of the world.

Intellectual Disability

A term used to describe a person with certain limitations in cognitive functioning and skills, including communication, social, and self-care abilities.

Subaverage Intellectual Functioning

A term denoting lower than average intellectual capabilities, which can impact learning and adaptive abilities.