Which of the Following Statements Is True About Productive and Allocative

question 307

Multiple Choice

Which of the following statements is true about productive and allocative efficiency?

• A) Realizing allocative efficiency implies that productive efficiency has been realized.
• B) Productive efficiency can only occur if there is also allocative efficiency.
• C) Society can achieve either productive efficiency or allocative efficiency, but not both simultaneously.
• D) Productive efficiency and allocative efficiency can only occur together; neither can occur without the other.

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Definitions:

Sole Legal Custody

A legal arrangement where only one parent has the right to make major decisions regarding the child’s welfare, education, and health.

Joint Physical Custody

A legal arrangement where children live and spend significant time with both parents after separation or divorce.

Stepparents

Individuals who are married to a biological parent of a child and may take on parental responsibilities without being the child’s biological parent.

Nuclear Families

A family group consisting of two parents and their children (biological or adopted), considered a basic social unit.