Efficiency is when a market that is guided by the invisible hand is able to capture all of the possible consumer and producer surplus. When all surplus is realized it is then that we can say a market is efficient. However, efficiency is not the only goal of an economic policy maker. Policy makers are equally as concerned about equality. The benefits in the market from trade can be viewed as a pie. Efficiency determines the size of that pie while equality equates to how the pie is sliced.
the goal of economic efficiency is to waste less resources so more goods and services can be produced and so more wants and needs can be satisfied.
stable productivity
The goal of a federal economic policy is to create a healthy economy in the country that benefits every citizen. The goals of federal economic policy include: maintain stable prices, full employment, economic growth.
Economic efficiency.
Answer is:[Keynesian economics] (Go Apex Kids;) Federal Reserve If it says: Which of the following is not a goal of economic policy? Answer is: (High consumer spending)
the goal of economic efficiency is to waste less resources so more goods and services can be produced and so more wants and needs can be satisfied.
achieving full employment
stable productivity
making the most of resources
The goal of a federal economic policy is to create a healthy economy in the country that benefits every citizen. The goals of federal economic policy include: maintain stable prices, full employment, economic growth.
Economic efficiency.
Answer is:[Keynesian economics] (Go Apex Kids;) Federal Reserve If it says: Which of the following is not a goal of economic policy? Answer is: (High consumer spending)
maintain stable prices, full employment, economic growth
providing welfare benefits
The four goals of the progressive movement were: Protecting social welfare Economic Reform Economic efficiency Promoting Moral Improvement
The economic development of Liberia is tired up with two key commodities namely
The common goal of both the Open Door Policy and Dollar Diplomacy was protecting economic interests.