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Question Practice

What is the result of efficient resource allocation in an economy?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

What is the result of efficien...

Single Answer MCQ
Q-00089233

What is the result of efficient resource allocation in an economy?

1

Decreased production of goods

2

Optimal production and satisfaction of needs

3

Increased scarcity of resources

4

Increased unemployment rates

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