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25 Points Answer, only two of the following questions in no-less than one paragraphs each: Question #1: Explain the differences between productive efficiency and allocation

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25 Points Answer, only two of the following questions in no-less than one paragraphs each: Question #1: Explain the differences between productive efficiency and allocation efficiency. Question #2: Explain why individuals make choices that are directly on the budget constraint, rather than inside the budget constraint or outside it. Question #3: Explain why societies cannot make a choice above their production possibilities frontier and should not make a choice below it. Question #4: Why is a production possibilities frontier typically drawn as a curve, rather than a straight line

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