The concept of economic efficiency primary refers to?
Question
The concept of economic efficiency primary refers to?Options
A)
obtaining the maximum output from available resources at the lowest cost
B)
conservation of our petroleum resources
C)
equity in the distribution of the nation's wealth
D)
producing without waste
E)
the limited wants-unlimited resources dilemma
Related Lesson: Demand, Supply, and Efficiency | Demand and Supply
The correct answer is A.
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