The economic efficiency of any process will be evaluated by
A) the proportion of marginal to non-marginal costs.
B) the ratio of work done to energy supplied.
C) comparing what is gained from what is sacrificed.
D) the relationship of supply to demand.
Question 2
Which of the following questions is NOT a microeconomic question?
A) Can the Federal Reserve keep income growing by cutting interest rates?
B) How would a tax on e-commerce affect eBay?
C) What is Britney's opportunity cost of having another baby?
D) Does the United States have a comparative advantage in information technology services?