Productive efficiency refers to:

A) the use of the least-cost method of production.
B) the production of the product mix most wanted by society.
C) the full employment of all available resources.
D) production at some point inside of the production possibilities curve.

Productive Efficiency

A situation where a firm or economy cannot produce more of one good without reducing the output of another good, indicating optimal production levels.

Production Possibilities Curve

A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed.