NEW
ap style practice
NEW
cheatsheets
log in
start studying now
Practice Quizzes
AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
Unit 1 – Basic Economic Concepts
1.3 Production Possibilities Curve (PPC)
mixed difficulty
What does allocative efficiency mean?
Producing at a combination that minimizes costs.
Producing at the point that society desires.
Producing at a point outside the production possibilities curve.
Producing at a point inside the production possibilities curve.
Study guides (1)
AP Microeconomics - 1.3 Production Possibilities Curve (PPC)
Key terms
Allocative Efficiency
Guides
Glossary
Next
0
