Question:

Economic-what is productive-thank you?

by  |  earlier

0 LIKES UnLike

Productive efficiency implies that

it is impossible to obtain gains in one area without losses in another.

it is possible to obtain gains in one area without losses in another.

there are too many resources.

there are too few resources.

none of the above

 Tags:

   Report

2 ANSWERS


  1. none of the above or possibly b)


  2. it is impossible to obtain gains in one area without losses in another.

    Recall the PPF.  To produce more of one good, you have to lose production of the other good.  If you are on your PPF, then you must given up something to get more of the other.

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.