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Author Question: Allocative efficiency occurs when A) we cannot produce more of any good without giving up some ... (Read 54 times)

cookcarl

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on: Jun 29, 2018
Allocative efficiency occurs when
 
  A) we cannot produce more of any good without giving up some other good that we value more highly.
  B) we cannot produce more of any one good without giving up some other good.
  C) marginal benefit exceeds marginal cost.
  D) opportunity costs are decreasing.

Question 2

Which of the following countries are net lenders?
 
  I. Japan
  II. United States
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Benayers

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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