Which of the following is a measure of economic performance, based on the resource we use to produce a good or service?
Added by Rebecca M.
Step 1
Step 1: The measure of economic performance based on the resource we use to produce a good or service is known as productivity. Show more…
Show all steps
Your feedback will help us improve your experience
Adi S and 94 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
which of the following question must be asked about the use of resources in an economic system
Adi S.
What is the primary factor in determining who receives the goods and services that are produced in a market economy? Who you know, one's income, how badly you need the good or service in question, age, with priority given to the very young and the very old.
William F.
Performance efficiency is a measure of the associated with task accomplishment. (a) resource costs (b) goal specificity (c) product quality (d) product quantity
Rachel G.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD