Question
Discussion: Allocative Efficiency, Growth Watch the following videos ,Allocative Efficiency Video MLOs 2.2 https://www.youtube.com/watch?v=MT4akJsAmb0 , and 2.3(Links to an external site.), PPF Video MLO 2.2,2.2
Discussion: Allocative Efficiency, Growth
Watch the following videos ,Allocative Efficiency Video MLOs 2.2 https://www.youtube.com/watch?v=MT4akJsAmb0 , and 2.3(Links to an external site.),
PPF Video MLO 2.2,2.2https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-8-production-possibilities-frontier/scarcity-opportunity-cost
- What is allocativeefficiency?
- Differentiate between allocative efficiency and productive efficiency.
- Explain the relationship between PPF and increasing opportunity cost emphasizing on the bowed shape of PPF.
- Explain economic growth with the help of a PPF graph. (Hint:Draw the original PPF, then show what happens due to growth).
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Local Consumption And Global Environmental Impacts Accounting, Trade-offs And Sustainability
Authors: Kuishuang Feng, Klaus Hubacek, Yang Yu
1st Edition
1317577272, 9781317577270
