An economy is producing at a point on its production possibility curve. What is correct about how the economy’s resources are being utilised at this point?
- Aallocatively efficient: possibly; productively efficient: yes; socially desirable: yes
- Ballocatively efficient: yes; productively efficient: possibly; socially desirable: possibly
- Callocatively efficient: possibly; productively efficient: yes; socially desirable: possibly
- Dallocatively efficient: yes; productively efficient: possibly; socially desirable: yes