What Is An Inefficient Point? Points that lie strictly to the left of the curve are said to be inefficient, because existing resources would allow for production of more of at least one good without sacrificing the production of any other good. … At any such point, more of one good can be produced only
Can Health Care Be High Quality But Inefficient? We can have both, but we must challenge some of our assumptions and redesign the way we work.” The health care system is inefficient in part because it is complex, and some health care professionals might call the idea of an “efficient health care system” an oxymoron
Do Government Policies Usually Improve Upon Both Equality And Efficiency? Government policies usually improve upon both equality and efficiency. As long as the economic pie continually gets larger, no one will have to go hungry. … Efficiency refers to the size of the economic pie; equality refers to how the pie is divided. Is equality
What Are The Attainable Production Points On A Production Possibility Curve? Any point that lies either on the production possibilities curve or to the left of it is said to be an attainable point: it can be produced with currently available resources. What are the points that are attainable in the production possibility frontier? All
What Are Factors That Impede The Attainment Of Economic Efficiency Called? Factors that impede the attainment of economic efficiency in the public sector are called: government failures. Do US federal government’s largest unfunded liability is? The U.S. federal government’s largest unfunded liability is: Social Security. Why is the private sector more efficient than the public