When Goods and Services Are Produced at the Lowest Possible

question 195

Multiple Choice

When goods and services are produced at the lowest possible cost,________ occurs.

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

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Definitions:

Crying

The act of shedding tears as a response to an emotional state, such as sadness, happiness, or pain.

Ignoring

A behavior management strategy where certain behaviors are deliberately not reinforced, with the aim of reducing or extinguishing them by not providing attention.

Positive Reinforcement

The process of increasing the likelihood of a behavior by following it with a pleasant or rewarding stimulus.

Conditioned

Refers to a behavior or response that has been learned or acquired through association with an environmental stimulus.