A Production Possibilities Frontier Shows

question 55

Multiple Choice

A production possibilities frontier shows

• A) the various combinations of output a nation can produce a certain time, given its available resources and technology.
• B) the limits to future growth of a nation.
• C) how money can be allocated among two kinds of goods.
• D) that if price of one good decreases, the price of the other has to increase.
• E) that it is impossible to produce inefficiently.

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Definitions:

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Cutting

The action of removing a section of text, images, or other data from a document or file, often with the intent to paste it elsewhere.

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In design and technology, the degree to which an image is opaque or clear, allowing for the layer beneath it to be seen.

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