If an economy cannot produce more of one good without producing less of another good, this implies that which of the following has been achieved?
A)maximum marginal benefit
B)allocative efficiency
C)production efficiency
D)PPF efficiency
E)minimum marginal cost

Question

Quizplus · Accepted Answer

Production efficiency is achieved when an economy cannot produce more of one good without producing less of another, meaning resources are being used in the most efficient way possible.

If an Economy Cannot Produce More of One Good Without