Author Question: When production efficiency does NOT occur, i. an economy is producing at a point within its PPF. ... (Read 41 times)

yoroshambo · **on:** Jun 29, 2018

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

Question 2

In the Borda-count voting method, irrelevant alternatives are never an issue.

Indicate whether the statement is true or false