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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.

Correct Answer:

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