The Difference Between Allocative Efficiency and Productive Efficiency in a Perfectly

question 66

Multiple Choice

The difference between allocative efficiency and productive efficiency in a perfectly competitive market is

• 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:

Whispered Pectoriloquy

A test in which whispered phrases are more clearly and distinctly heard through the chest wall with a stethoscope, indicative of lung consolidation.

Adventitious Sounds

Unusual sounds heard during respiration, such as crackles, wheezes, or stridor, which are indicative of respiratory conditions.

Trachea Bifurcate

The point at which the trachea splits into two bronchi, facilitating air passage into the lungs.

Sternal Angle

A palpable anatomical landmark also known as the angle of Louis, where the manubrium meets the body of the sternum, used in clinical assessments.