A Market That Is Achieving Allocative Efficiency Must Also Be

question 164

True/False

A market that is achieving allocative efficiency must also be achieving productive efficiency.

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Definitions:

Employed Adults

Individuals above a specified age who are currently working in paid employment.

Employed Count

The total number of individuals in an economy who are currently employed or working.

Retired Naval Officer

An individual who has served as a commissioned officer in the Navy and has since retired from active service.

Ski Instructor

A professional trained to teach individuals how to ski, often employed at ski resorts.