Question

An economy is productive efficient if it produces:__________

a) maximum output with given resources and technology.
b) more goods and services in each successive year.
c) more than enough food to feed everyone.
d) enough output so that no one lives in poverty.

Answer 1

a) maximum output with given resources and technology.

Step-by-step explanation:

An economy is productive efficient if it produces the maximum amount of goods and services using available resources and technology.

I hope my answer helps you

Answer 2

A. maximum output with given resources and technology

Step-by-step explanation:

Productive efficiency is a situation in which a firm/company cannot produce more of a good without reducing the production of another goods.

It can simply be said to be the reduction in the production of one goods for another.

From the above question, productive efficiency involves the maximum production or goods with the given resources and technology. This means that for a product to have maximum production, it must have another product's production reduced thus giving it the maximum output status.

Cheers.