Which of the Following Statements Is True About Productive and Allocative

question 307

Multiple Choice

Which of the following statements is true about productive and allocative efficiency?

• A) Realizing allocative efficiency implies that productive efficiency has been realized.
• B) Productive efficiency can only occur if there is also allocative efficiency.
• C) Society can achieve either productive efficiency or allocative efficiency, but not both simultaneously.
• D) Productive efficiency and allocative efficiency can only occur together; neither can occur without the other.

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Definitions:

Ligamentum Arteriosum

A small ligament that is the remnant of the ductus arteriosus formed within 3 weeks after birth.

Pulmonary Trunk

A major artery that conducts blood from the right ventricle of the heart to the lungs for oxygenation.

Aorta

The largest artery in the body, originating from the left ventricle of the heart, and supplying oxygenated blood to the circulatory system.

External Iliac Artery

An artery that supplies blood to the lower limbs, originating from the common iliac artery.