Question

multiple choice question when resources are allocated in such a way that it is possible to increase the production of one good without decreasing the production of another, then the allocation of resources is ______. inefficient optimal efficient possible

Explanation:

This question relates to resource allocation efficiency in economics. An inefficient allocation is defined as a state where it is possible to reallocate resources to produce more of one good without reducing the output of another, meaning resources are not being used to their full potential.

Answer:

O inefficient