What does a production possibilities frontier show? a. scarce and less scarce resources b. global trade-offs and costs of doing business c. an economy that is producing but not at the maximum d. the maximum amount that an economy can produce

Question

History

Madyson Munoz

16 September, 11:26

What does a production possibilities frontier show? a. scarce and less scarce resources b. global trade-offs and costs of doing business c. an economy that is producing but not at the maximum d. the maximum amount that an economy can produce

+2

Answers (1)

Know the Answer?

Barrett · Answer 1

A production possibilities frontier, or PPF, shows the D. maximum amount that an economy can produce. It is shown in a graph as a curve, and if the economy is shown as below the curve then they are operating inefficiently.