Author Question: Technical efficiency A) ignores the values of the chooser. B) is a necessary precondition for ... (Read 76 times)

vHAUNG6011 · **on:** Jun 29, 2018

Technical efficiency

A) ignores the values of the chooser.
B) is a necessary precondition for the attainment of economic efficiency.
C) is always attained if economic efficiency is achieved.
D) is attained whenever the ratio of physical output to physical input is greater than unity.
E) is easier to achieve than economic efficiency.

Question 2

The Fed raises the federal funds rate when it

A) fears inflation.
B) wants to increase the quantity of money.
C) fears recession.
D) wants to encourage bank lending.
E) cannot change the quantity of money.