What does economic efficiency assess?
A
Scarce resources are used in the best possible way.
B
Consumer incomes are used in the best possible way.
C
Unlimited resources are used in the best possible way.
D
Scarce resources are distributed equally among consumers.
7.3.1 definitions of productive efficiency and allocative efficiency Flashcards
21 flashcards on CIE Intl A Level Economics 7.3.1 definitions of productive efficiency and allocative efficiency: the key terms and definitions you need to recall.