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When Production Efficiency Does NOT Occur

question 54

Multiple Choice

When production efficiency does NOT occur,
i.an economy is producing at a point within its PPF.
ii.there are unemployed resources.
iii.allocative efficiency cannot occur.


Definitions:

Common Culture

The shared values, norms, behaviors, and artifacts that characterize a group or society.

Multiracial

An individual or group comprising members from two or more racial backgrounds.

Fluid

Characterizes materials or substances that can flow and do not have a fixed shape, or more broadly, refers to situations or concepts that are flexible and adaptable.

Colorblind Racism

A form of racism that asserts race does not matter and ignores systemic and historical inequities based on race.

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