Which of the following is NOT shown on a production possibilities curve? A. all of the goods and services an economy has the ability to produce B. the efficiency of an economy C. whether an economy has grown or shrunk D. the opportunity cost of a decision to produce more of one good or service

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Business

Kaya Kerr

13 July, 17:31

Which of the following is NOT shown on a production possibilities curve? A. all of the goods and services an economy has the ability to produce B. the efficiency of an economy C. whether an economy has grown or shrunk D. the opportunity cost of a decision to produce more of one good or service

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Khloe · Answer 1

I think the correct answer from the choices listed above is option B. The efficiency of an economy is not shown on a production possibilities curve. The production possibilities curve assumes that all inputs are used efficiently. Hope this answers the question.