Which of the Following Is NOT an Assumption That Economists

question 36

Multiple Choice

Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF) ?

• A) We live in a world with only two goods.
• B) There are no increases in technology.
• C) There is no change in available resources.
• D) Society will always be producing somewhere on the PPF.
• E) There are no decreases in technology.

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