Respuesta :
The production possibilities frontier is used to illustrate some basic economic ideas, including All of the above are correct.
What does a frontier of production possibilities show?
The graph known as the Production Possibilities Frontier (PPF) displays all the possible output combinations of two different items that can be created given the current state of science and technology. The ideas of choice, tradeoffs, and scarcity are all covered by the PPF.
What does a frontier of production possibility for an economy mean?
When all resources are used effectively, the production potential frontier (PPF) depicts the highest possible output combinations of two goods or services that an economy can produce.
The production possibility curve demonstrates what?
The various combinations of goods and services that a country's economy is capable of producing are graphically represented by a production possibilities curve. It serves as an example of the production possibilities model.
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