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Allocative Efficiency, Productive Efficiency, and Equality
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Problem 10
Allocative Efficiency, Productive Efficiency, and Equality
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0. Basic Principles of Economics / Allocative Efficiency, Productive Efficiency, and Equality / Problem 10
Problem 10
If a point lies outside the production possibilities curve, what does it signify?
A
The production level is inefficient.
B
The production level is attainable but not preferred.
C
The production level is unattainable with current resources.
D
The production level is attainable and efficient.
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