Which of the Following Is CORRECT

question 66

Multiple Choice

Which of the following is CORRECT?

• A) If a firm is technologically efficient, it is always economically efficient.
• B) If a firm is technologically efficient, it is always producing at the lowest costs of production.
• C) If a firm is economically efficient, it is always technologically efficient.
• D) None of the above answers is correct.

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Definitions:

Distributive Justice

A principle concerned with the fair allocation of resources among diverse members of a community.

Communal Biases

prejudices or tendencies to judge others based on the characteristics or stereotypes of their community or social group.

Gender Biases

Prejudiced actions or thoughts based on traditional stereotypes or roles related to gender.

Individualism View

A perspective emphasizing personal independence and the importance of individual self-reliance and freedom.