A Production Possibilities Frontier Is a Line or Curve That

question 111

Multiple Choice

A production possibilities frontier is a line or curve that:

• A) shows all the possible combinations of outputs that can be produced using all available resources.
• B) shows what should be produced when all available resources are efficiently used.
• C) shows the best combinations of outputs that can be produced using all available resources.
• D) explains why societies make the choices they do.

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Definitions:

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An instrument or methodology utilized to assess or measure performance, skills, knowledge, or outcomes.

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The ability to keep, hold, or maintain something over time, such as information in memory or employees in a company.

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The actions or reactions of a client in the context of a professional relationship or service.

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