Although the United States hardly produces any coffee, it is able to acquire various types of coffee from other countries to satisfy the desires of every American coffee drinker. This example best represents _____ efficiency.

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24-05-2022
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Although the United States hardly produces any coffee, it is able to acquire various types of coffee from other countries to satisfy the desires of every American coffee drinker. This example best represents _____ efficiency.

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Tundexi Tundexi · Answer 1 · 2022-06-07T13:20:58+02:00

An allocative efficiency is descibed when the U.S. is able to acquire various types of coffee from other countries to satisfy the desires of every American coffee drinker.

What is an allocative efficiency?

This refers to when an efficient market whereby all the goods are optimally distributed among buyers in an economy.

Therefore, the property of market is achieved by the United state economy.

Read more about allocative efficiency

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