Using a crane to move a loaf of bread is A. Efficient but not effective. B. effective but not efficient. C. Effective and efficient. D. neither effective nor efficient
Using a crane to move a loaf of bread is A. Efficient but not effective. B. effective but not efficient. C. Effective and efficient. D. neither effective nor efficient
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 15RQ: What is productive efficiency? Allocative efficiency?
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Using a crane to move a loaf of bread is
A. Efficient but not effective.
B. effective but not efficient.
C. Effective and efficient.
D. neither effective nor efficient
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