Advanced Placement (AP)

Advanced Placement (AP)

Nathen Moses

27 May, 17:26

What is the importance of the production possibilities frontier?

It can show the impact of a change in technology on production decisions.

It can graphically illustrate the concept of scarcity.

It allows us to see the concept of underemployment and full employment.

It shows the concept of trade offs and opportunity cost.

All of the above.

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