If an economy produces the desired mix of goods from its available resources,then this mix of goods is:

A) allocatively efficient.
B) both productively and allocatively efficient.
C) productively efficient.
D) neither productively nor allocatively efficient.

Allocatively Efficient

A situation where resources are distributed in a way that maximizes the net benefit to society, often where marginal cost equals marginal benefit.

Productively Efficient

A situation where goods or services are produced at the lowest possible cost, maximizing the allocation of resources.