A. Society can achieve either productive efficiency or allocative efficiency, but not both simultaneously.
B. Productive efficiency and allocative efficiency can only occur together; neither can occur without the other.
C. Realizing allocative efficiency implies that productive efficiency has been realized.
D. Productive efficiency can only occur if there is also allocative efficiency.
ECO 561 UOP Final Exam University of Phoenix
Eco561 Eco/561 Final Examination Exam multiple choice quiz
