Final answer:
Allocation is a mathematical procedure that can be manipulated. Allocative efficiency refers to the optimal allocation of resources. Parties involved in the allocation process can make choices along a given production possibilities frontier (PPF) that display both productive and allocative efficiency.
Step-by-step explanation:
Allocation is a mathematical procedure that can be manipulated by the parties involved in making the allocation. Allocative efficiency refers to the optimal allocation of resources, where the particular mix of goods being produced represents the allocation that society most desires. Parties involved in the allocation process can make choices along a given production possibilities frontier (PPF) that display both productive and allocative efficiency.