Q What is the difference between efficiency and effectiveness? Are efficiency and effectiveness mutually exclusive? Can you be efficient at utilizing available resources, even though you may have discrimination against minority or female workers, have input factors of production applied to the wrong tasks, have unemployment levels above the generally recognized acceptable unemployment level, and inadequate capital stock in an economy? If a nation is inefficient in these attributes, what do you recommend to get the nation back to optimum points on its production possibilities curve?
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