Author Question: Resource use is allocative efficient A) when it is not possible to produce more of one good. B) ... (Read 32 times)

rayancarla1 · **on:** Jun 29, 2018

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.