PPF 0.0 / 5 ? EconomicsProduction and efficiencyASAQA Created by: martinkaCreated on: 05-11-14 11:34 452913876 Across 1. – A statement based on personal opinion and judgement, these cannot be scientifically proven. (9) 6. A statement that can be scientifically tested to see if it is incorrect (8) 7. Resources are ........ – only finite amount produced (6) Down 2. ....is the science of the PRODUCTION, EXCHANGE and DISTRIBUTION of goods (9) 3. Advances in the state of....... and the beneficial impact of innovation in improving production processes (10) 4. ....is the benefit lost from the second best alternative not chosen (12, 4) 5. Any point on the PPF is................... efficient (12) 8. An outward shift in the PPF signifies an expansion of a country’s productive ............– in other words – long term economic growth (9) 9. Only one point, which meets society’s needs, is ...............efficient. (12)
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