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3.4.1 Efficiency

What does static efficiency measure?

A

Static efficiency measures changes in resource use over time.

B

Static efficiency measures the growth of output over time.

C

Static efficiency measures the distribution of income at one point in time.

D

Static efficiency measures resource use at one point in time.

3.4.1 Efficiency Flashcards

  1. A Level
  2. /Economics
  3. /3.4.1 Efficiency

Flashcards for Edexcel A A Level Economics 3.4.1 Efficiency, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 25 cards, matched to the Edexcel A A Level Economics (9EC0) specification.