The efficiency factor involves both productive and allocative efficiency, which means in order to reach its full production potential an economy must Blank______. Multiple choice question. use its resources in the most costly way to produce the specific mix of goods that maximizes people's well-being use its resources to maximize profits at any cost use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being use the most resources to get the most goods and services for the most people