If an Economy Is Producing on Its PPF,then It Is

question 55

Multiple Choice

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.

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Definitions:

Emotional Stability

A personality trait signifying the ability to remain calm and composed, and to handle stress or emotional challenges effectively.

Agreeableness

a personality trait that reflects a person's tendency to be compassionate, cooperative, and harmonious in their interactions with others.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Extraversion

A trait characterized by tendencies to be socially outgoing and to express feelings and impulses freely.