Which of the Following Describes a Difference Between Allocative Efficiency

question 226

Multiple Choice

Which of the following describes a difference between allocative efficiency and productive efficiency in a perfectly competitive market?

• A)Allocative efficiency is achieved only in the long run. Productive efficiency is achieved only in the short run.
• B)Allocative efficiency is achieved only in the long run. Productive efficiency is achieved in the short run and the long run.
• C)Allocative efficiency is achieved only in the short run. Productive efficiency is achieved only in the long run.
• D)Allocative efficiency is achieved in the short run and the long run. Productive efficiency is achieved only in the long run.

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Definitions:

Mesosystem

The mesosystem is a concept in ecology and developmental psychology that refers to the interconnections between the microsystems in a person's life, such as family, school, and neighborhood.

Microsystem

A term from ecological systems theory referring to the immediate environment in which an individual interacts, such as family or school.

Gender Roles

The characteristics, attitudes, feelings, and behaviors that society expects of males and females.

Feminist Theories

Examine social, economic, and political inequality between women and men in society.