An economy always produces on but not inside the PPC. Defend or refute with reasons.
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I want to refute with the statement that an economy always produces on but not inside the PPC.
It is bound to produce inside a PPC when its resources work inefficiently (not good enough) or resources are underemployed meaning if they have fewer people working.
It is not always essential that economy always produces on PPC.
It is bound to produce inside a PPC when its resources work inefficiently (not good enough) or resources are underemployed meaning if they have fewer people working.
It is not always essential that economy always produces on PPC.
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