Allocative Efficiency Involves Determining

question 89

Multiple Choice

Allocative efficiency involves determining

• A) which output mix will result in the most rapid rate of economic growth.
• B) which production possibilities curve reflects the lowest opportunity costs.
• C) the mix of output that will maximize society's satisfaction.
• D) the optimal rate of technological progress.

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Definitions:

K+

Potassium ion, an essential electrolyte involved in various body functions including nerve signal transmission and muscle contraction.

Hyperpolarize

A change in a cell's membrane potential that makes it more negative, moving it further away from initiating an action potential.

Hyperpolarization

An increase in a cell's membrane potential, making the interior of the cell more negative and less likely to fire an action potential.

Plasma Membrane

The semipermeable membrane surrounding the cytoplasm of a cell, responsible for controlling the passage of substances in and out.