Which of the following best describes 'resource misallocation'?
Practice Questions
1 question
Q1
Which of the following best describes 'resource misallocation'?
Resources are allocated based on strategic priorities.
Resources are distributed in a way that does not maximize potential output.
Resources are used efficiently and effectively.
Resources are allocated based on market trends.
Resource misallocation occurs when resources are distributed in a way that does not maximize potential output, making option 1 the correct description.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following best describes 'resource misallocation'?
Solution: Resource misallocation occurs when resources are distributed in a way that does not maximize potential output, making option 1 the correct description.
