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Loraine Loraine
wrote...
Posts: 4563
8 years ago
If an economy is producing on its PPF, then it is definitely achieving
A) both production and allocative efficiency.
B) only production efficiency, but it definitely is not achieving allocative efficiency.
C) only allocative efficiency, but it is definitely not achieving production efficiency.
D) neither production nor allocative efficiency.
E) only production efficiency.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 161 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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Top Poster
Posts: 3807
8 years ago
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Loraine Author
wrote...

8 years ago
Smart ... Thanks!
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Yesterday
Brilliant
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2 hours ago
Thanks
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