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An economy achieves "productive efficie...

An economy achieves "productive efficiency" when:

A

Resources are employed in their most highly valued uses.

B

The best resources are employed.

C

The total number of produced goods is the greatest.

D

Goods and services are produced at least cost and no resources are wasted.

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The correct Answer is:
d
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FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
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  2. Which one of the following bundles of goods cannot be produced with th...

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  3. An economy achieves "productive efficiency" when:

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  4. Which point on PPF shows a "productively efficient" level of output?

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  5. Which of the following clearly represents a movement toward greater pr...

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  6. Which one of the following alternatives illustrate a decrease in unem...

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  7. If the PPF is linear, i.e., a straight line, which one of the followin...

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  8. Which one of the following statements is a reason for the negative slo...

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  9. Capital intensive technique is chosen in a

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  10. Labour intensive technique is chosen in a

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  11. If the marginal (additional) opportunity cost is a constant, PPC would...

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  12. The branch of economic theory that deals with the problem of allocatio...

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  13. Which one of the following options is likely to cause an inward shift ...

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  14. The various combinations of goods that can be produced in any economy ...

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  15. Scarcity is a situation in which ……….. .

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  16. Production Possibilities Curve is also known as

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  18. Which of the following is not a subject matter of microeconomics?

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  19. Which of the following is an assumption of Production Possibility Fro...

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  20. Why does an economic problem arise?

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