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when resources are allocated in such a way that it is possible to increase the production of one good only by decreasing the production of another, then the allocation of resources is said to be . (enter one word in the blank).

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Tundexi

When resources are allocated in such a way that it is possible to increase the production of one good only by decreasing the production of another, then the allocation of resources is said to be Inefficient.

What is an inefficient allocation of resources?

The allocative inefficiency is usually characterized by the absence of equality between marginal rates of substitution and factor price ratios: and this means that output is not produced at minimum cost.

Therefore, the allocation of resources is said to be Inefficient.

Read more about inefficient allocation

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