Question

Ensuring the right type of products are produced is referred to as _________ efficiency.

a	Technical
b	Productive
c	Allocative
d	Economic

Answer 1

The right tyoe of products implies that economy is using its scarce resources in such a manner that it producing that products which cater to the needs and wants of the society.

When those goods are produced that cater to the needs and wants of the society utilizing the scarce resources then such production is termed as economically efficient.

So,

Ensuring the right type of products are produced is referred to as Economic efficiency.

Hence, the correct answer is the option (d).