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1.5.4 significance of a position within a PPC

Card 1 of 21

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

A

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

B

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

C

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

D

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

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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