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Productive and Allocative Efficiency
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Productive and Allocative Efficiency
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1. Introduction to Macroeconomics / Productive and Allocative Efficiency / Problem 5
Problem 5
What ethical issue arises when focusing solely on productive efficiency?
A
It maximizes the use of resources.
B
It may lead to unequal distribution of resources.
C
It reduces the cost of production.
D
It ensures all consumer preferences are met.
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