Question

An economy aways produces an but not inside a
Agree or deny.
PPC,
wer​

Answer 1

ஜ۩۞۩ஜ ᏗᏁᏕᏇᏋᏒ ஜ۩۞۩ஜ

"An economy always produces on, but not inside a PPC".

The statement is refuted because it is not essential that an economy always produces on PPC. It is bound to produce inside a PPC when its resources work inefficiently or resources are underemployed.

Answer 2

Production possibility curve shows all different attainable combinations of the production of two commodities that can be produced in an economy with given the resources and technology which are to be fully utilized . Usually an economy produces inside the production possibility curve owing to inefficient and under - utilization of resources .