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.

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

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Definitions:

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