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Question 14 1 pts Production Possibility Frontier-Country Z 9 A 15,7 6 10,6 15,4 10,4 10 15 20 25 Clothing-Daily production A combination of clothing and cell phones that would meet the allocative efficiency would be combination G because it represents the combination with the highest number of cell phones and clothing. combinations B or C because they represent a balanced quantity of cell phones and clothing. any combination on the production possibilities frontier that brings the highest level of satisfaction to the people in the economy.

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Answer #1

answer is option 3. Any combination which brings the highest level of satisfaction to the people. Allocative efficiency means producers produce goods which are desired by the consumers.

Choice 1 is wrong since it is above the PPF and not attainable.

Points B and C represent productive efficiency and may or may not be desired by the population.

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