Resource use is allocative efficient A) when it is not ...

[rayancarla1]

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.

Question 2

A cost-justified precaution is a safety measure whose
 
  A) benefits outweigh its costs.
  B) costs outweigh its benefits.
  C) costs equal its benefits.
  D) costs are zero.

[hanadaa]

Answer to Question 1

B

Answer to Question 2

A

[rayancarla1]

Thanks for the timely response, appreciate it

[coreycathey]

Excellent