If an Economy Cannot Produce More of One Good Without

question 145

Multiple Choice

If an economy cannot produce more of one good without producing less of another good,this implies that which of the following has been achieved?

• A) allocative efficiency
• B) minimum marginal cost
• C) PPF efficiency
• D) production efficiency
• E) maximum marginal benefit

---

Definitions:

Summons

A legal document issued by a court and addressed to a defendant that notifies him or her of a lawsuit and specifies how and when to respond to the complaint. A summons may be used in both civil and criminal proceedings.

Service Document

A legal document or form that is served to parties involved in a legal process or transaction, indicating compliance with certain legal procedures or steps.

Ripeness

A measure of the readiness of a case for a decision to be made; designed to prevent premature litigation for a dispute that is insufficiently developed. A claim is not ripe for litigation if it rests on contingent future events that may not occur as anticipated or may not occur at all.

Moot

Moot refers to an issue that has been resolved or has become irrelevant, thus, no longer requiring a decision to be made by a court.