Allocative Efficiency means using resources to produce more things that people want and fewer things that they don't want.

True

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False

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Solution

The correct option is A
True

True. Allocative Efficiency means using resources to produce more things that people want and fewer things that they don't want.

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Similar questions

Long before the invention of money, when people wanted to get things they needed but did not have, they____.

Answer these questions.

(i) Why does the poet want to know where the teachers go at four o’clock?

(ii) What are the things normal people do that the poet talks about?

(iii) What does he imagine about

(a) where do teachers live?

(b) what they do at home?

(d) their activities when they were children in school?

(iv) Why does the poet wonder if teachers also do things that other people do?

(v) How does the poet plan to find out? What will he do once he finds out?

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