Multiple Choice
Which of the following statements is correct?
A) Mrs.Lovejoy decides to invest in companies which she believes are producing their goods based on the preferences of consumers.Mrs.Lovejoy is therefore investing in companies that are allocatively efficient.
B) Mrs.Lovejoy decides to invest in companies which she believes are producing their goods based on the preferences of consumers.Mrs.Lovejoy is therefore investing in companies that are productively efficient.
C) Mrs.Lovejoy decides to invest in companies which she believes can produce their goods at the lowest possible cost.Mrs.Lovejoy is therefore investing in companies that are allocatively efficient.
D) Mrs.Lovejoy decides to invest in companies which she believes can produce their goods at the lowest possible cost.Mrs.Lovejoy is therefore investing in companies that are both allocatively and productively efficient.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Cassie's Quilts alters,reconstructs,and restores heirloom quilts.Cassie has
Q53: Suppose when the price of hybrid automobiles
Q54: Physical capital refers to stocks and bonds.
Q55: Table 1-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 1-2
Q56: Human capital refers to<br>A)the money people have.<br>B)the
Q58: Marginal cost is the _ associated with
Q59: How can the influence of a third
Q60: Examining the conditions that could lead to
Q61: In economics,the difference between a firm's revenues
Q62: In economics,tangible merchandise is referred to as<br>A)invention.<br>B)human