Economic eﬃciency is the primary guide in answering which of the fundamental questions in a market economy?
A) What will be produced?
B) How will the output be produced?
C) How can the system accommodate change?
D) Who is to receive the output?

Question

Quizplus · Accepted Answer

Economic efficiency primarily guides the question of "How will the output be produced?" as it focuses on using the least-cost method of production to maximize resource utilization.

Economic Eﬃciency Is the Primary Guide in Answering Which of the Fundamental