A Production Possibilities Curve Indicates the

question 62

Multiple Choice

A production possibilities curve indicates the

• A)Combinations of goods and services an economy is actually producing.
• B)Maximum combinations of goods and services an economy can produce given its available resources and technology.
• C)Maximum combinations of goods and services an economy can produce given unlimited resources.
• D)Average combinations of goods and services an economy can produce given its available resources and technology.