When Every Good or Service Is Produced Up to the Point

question 162

Multiple Choice

When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it,________ occurs.

• A)allocative efficiency
• B)productive efficiency
• C)equity
• D)efficient central planning

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Definitions:

Autistic Child

A child who has Autism Spectrum Disorder, a developmental disorder characterized by challenges with social interaction, communication, and by restricted and repetitive behavior.

Imminent Bomb Threat

A situation where there is an immediate and credible indication or warning that a bomb is likely to be detonated.

Ambulance

A vehicle specifically designed and equipped for transporting sick or injured people to a medical facility.

Negative Childhood Experience

Any distressing event or situation encountered during childhood that can have long-lasting adverse effects on an individual's mental, physical, or emotional health.