Which of the following statements correctly expresses the relationship between technical and economic efficiency? Multiple choice question. All production processes are both economically and technically efficient. No production processes is both economically and technically efficient. A technically efficient method of production is also economically efficient. An economically efficient method of production is also technically efficient.When a given level of output cannot be produced using less of any one input, it is called _____. Multiple choice question. comparatively efficient technically efficient economically efficient