Which of the Following Statements Is True

question 48

Multiple Choice

Which of the following statements is true?

• A) Productive inefficiency implies that it is possible to produce more of one good and no less of another,but only if additional resources are made available.
• B) Productive efficiency implies that it is possible to produce more of one good and no less of another,even without additional resources.
• C) Productive inefficiency implies that it is impossible to produce more of one good and no less of another.
• D) Productive inefficiency implies that it is possible to produce more of one good and no less of another,even without additional resources.

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Definitions:

Rates Of Return

Measurements of the gain or loss on an investment relative to the amount of money invested.

Market Price

The price at which a product, asset, or service is sold on the open market.

Residual Interest

The remaining interest or value that an entity has in an asset after deducting any liabilities or obligations related to that asset.

Entity

In accounting and finance, an entity refers to any organization, company, or individual that has a separate legal existence and can engage in economic activities and transactions.