When Production Efficiency Does NOT Occur, I

question 113

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 can not occur.

• A)i only
• B)i and ii
• C)iii only
• D)i and iii
• E)i, ii, and iii

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