Resource Use Is Allocative Efficient

question 81

Multiple Choice

Resource use is allocative efficient

• A) when it is not possible to produce more of one good.
• B) when we produce goods and services that we value most highly.
• C) when most resources are fully employed.
• D) at any point on the PPF.
• E) at all points either on or within the PPF because all these production points are attainable.

---

Definitions:

Settlement

An agreement reached by parties in a lawsuit before the case goes to trial or a final judgment is issued.

Litigation

The process of taking legal action or engaging in a lawsuit to resolve disputes between parties.

Legal Right

Entitlements or permissions under the law that can be enforced or recognized by legal institutions.

Bad Faith

Dishonest dealing, failing to meet obligations, or violating standards of honesty in transactions.