An economy achieves "productive efficiency" only when ___________.

resources are employed in their most highly valued uses

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best resources are employed

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total number of goods produced is greatest

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goods and services are produced at the least cost and resources are optimally used.

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Solution

The correct option is D goods and services are produced at the least cost and resources are optimally used.
Production efficiency in an economy is achieved when the cost of production is minimized with no wastage of resources.

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An economy achieves "productive efficiency" only when ___________.

The correct option is D goods and services are produced at the least cost and resources are optimally used.Production efficiency in an economy is achieved when the cost of production is minimized with no wastage of resources.

The correct option is D goods and services are produced at the least cost and resources are optimally used.
Production efficiency in an economy is achieved when the cost of production is minimized with no wastage of resources.