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Card 1 of 21

What does a position on the PPC indicate about productive efficiency?

A

Allocative efficiency means producing on the PPC with society’s preferred output mix.

B

Productive efficiency means producing on the PPC with all resources fully used.

C

Productive inefficiency means producing on the PPC with some resources left unused.

D

Economic growth means producing on the PPC with the quantity of resources increasing.

Card 1 of 21

1.5.4 significance of a position within a PPC Flashcards

  1. Intl A Level
  2. /Economics
  3. /1.5.4 significance of a position within a PPC

21 flashcards on CIE Intl A Level Economics 1.5.4 significance of a position within a PPC: the key terms and definitions you need to recall.

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