SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level

» Start this Course
(Practice similar questions for free)
Question:

-What are the Points on the PPF called? Why are they not Allocatively Efficient?

Author: go kys



Answer:

-All Resources are used as Efficiently as Possible to make the Maximum Possible Output, if the Point is on the PPF -But not all Points will reflect Society's Wants and Needs: A Point that makes All Houses and no Guns that is on the PPF may not be want Society wants


0 / 5  (0 ratings)

1 answer(s) in total

Author

go kys
go kys