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Productive and Allocative Efficiency
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Productive and Allocative Efficiency
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1. Introduction to Macroeconomics / Productive and Allocative Efficiency / Problem 4
Problem 4
What does a point outside the PPF curve indicate?
A
The production level is inefficient.
B
The production level is productively efficient.
C
The production level is unattainable with current resources.
D
The production level is attainable.
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