QUESTI 10 points Save Answer When society is producing the m

QUESTI 10 points Save Answer When society is producing the mix of output that is most highly desired it has achieved O productive efficiency 0 allocative efficiency specialization O utility QUESTI 10 points Save Answer When a country can produce something at a lower opportunity cost than another country, it has a(n) O absolute advantage unfair advantage comparative advantage global advantage

Solution

When a society is producing the mix of output that is most highly desired it has achieved:

- allocative efficiency

When a country can produce something at a lower opportunity cost than another country, it has an:

- comparative advantage