Final answer:
Production reports detail past and current production, while forecasting reports predict future production needs. Productive efficiency means maximum output with given resources; allocative efficiency means resources are used optimally for what society desires. Choices between T, R, S, and Q require specific data to ascertain which is better or represents a certain environmental policy.
Step-by-step explanation:
The difference between production reports and forecasting reports about production is that production reports often detail past and current production activities to determine if production goals were met, whereas forecasting reports focus on future production expectations and whether they are likely to be met. Specifically, choice (c) states that production reports fully track current levels of production which is true because these reports provide detailed information on what has been produced thus far. Choice (b), on the other hand, indicates that only forecasting reports show if future expectations will be met, which is accurate as they are concerned with predictions and planning for future production needs.
In terms of productive efficiency and allocative efficiency, productive efficiency refers to a scenario where the maximum output is produced with given resources and technology, while allocative efficiency is achieved when resources are deployed to produce the optimum combination of goods and services desired by society.
Without specific data regarding choices T, R, S, and Q, it would be speculative to determine which one is better for any given objective or which one represents a certain type of environmental policy. These decisions would typically be based on a detailed analysis of costs, benefits, sustainability, and the goal of the overarching environmental policy.