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

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Moshe

26 October, 08:23

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

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Lillie Schwartz · 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.