Allocative Efficiency Means Achieving the Optimal or Most Desired Point

question 81

True/False

Allocative efficiency means achieving the optimal or most desired point on the production possibilities curve.

---

Definitions:

New Philadelphia

A historically significant town in Illinois, founded by Free Frank McWorter, an African American man, in 1836; it is notable for being the first town platted and registered by an African American before the American Civil War.

Ex-Slave

A person who has been emancipated from slavery or has escaped from enslavement.

Minstrelsy

A form of entertainment that originated in the 19th century, characterized by performances that stereotyped African-Americans, often by white performers in blackface.

Racist Exaggerations

Distorted or overblown statements that perpetuate stereotypes or biases against races, often used to justify discriminatory practices.