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From course:

Economics A Level (DONEEEEEEE)

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Question:

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

Author: eric_galvao



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


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