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    Principles of Microeconomics
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    Exam 2: Production Possibilities and Opportunity Costs
  5. Question
    Economic Efficiency Is Defined in the Text as
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Economic Efficiency Is Defined in the Text as

Question 107

Question 107

Multiple Choice

Economic efficiency is defined in the text as


A) the maximum production of consumption goods
B) the maximum production of capital goods
C) a balanced production of consumption and capital goods
D) a maximum set of resources
E) the absence of underemployment or unemployment

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