________ Is a Situation in Which a Good or Service

question 208

Multiple Choice

________ is a situation in which a good or service is produced at the lowest possible cost.

• A)Allocative efficiency
• B)Productive efficiency
• C)Equity
• D)Optimal marginalism

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Definitions:

Sympathetic Branch

Part of the autonomic nervous system that controls the body's responses to stress, including the fight-or-flight response.

ANS

Acronym for Autonomic Nervous System, which controls involuntary body functions like heartbeat, digestion, and breathing.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and promoting "rest and digest" responses.

Postganglionic Axons

The axons of neurons that relay signals from the autonomic ganglia to the target organs in the peripheral nervous system.