Which One of the Following Statements Is Not True

question 21

Multiple Choice

Which one of the following statements is not true?

• A)A production process is technologically efficient only if it is producing a given output at the lowest possible cost.
• B)If a process is economically efficient, it must be technologically efficient as well.
• C)Economic efficiency depends on the relative price of inputs, while technological efficiency does not.
• D)Economically efficient firms will be more likely to survive than economically inefficient firms.
• E)Technologically efficient firms are more likely to survive than technologically inefficient firms.

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Definitions:

Social-Moral

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The ability to make considered decisions or come to sensible conclusions.

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HR Manager

A professional responsible for overseeing the human resources department of an organization, including recruitment, training, and employee relations.