If an economy is producing at a point on its production possibilities frontier, it is: ___A. efficient in allocation but not necessarily in production. B. efficient in production and allocation. not necessarily C. efficient in production or allocation. D. efficient in production but not necessarily in allocation.

A. Efficient in production but not necessarily in allocation.

Explanation:

Allocation is defined as the distribution of a limited quantity of product during various time periods. The economy in the excersice can produce, therefore is efficient in this aspect but since its distribution is limited its allocation is not efficient.

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being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.