If an Economy Is Not on Its PPF, Then It

question 105

True/False

If an economy is not on its PPF, then it is not utilizing its resources as efficiently as it might be.

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Definitions:

Assignee

A person or party to whom rights, interests, or properties are legally transferred.

Assignor

An assignor is an individual or entity who transfers rights or interests in a contract or property to another party, known as the assignee.

Nonperformance

Failure to fulfill a contractual duty or obligation.

Antiassignment Clause

A provision in a contract that prohibits one party from transferring its rights and obligations under the contract to another entity without consent.