The Concept of Production Possibility Frontiers (PPF)means That

question 6

Multiple Choice

The concept of production possibility frontiers (PPF) means that

• A) the factors of production are limited by a country's geographical frontiers.
• B) any decision to use factors of production to produce one good necessarily means that these factors are not available to produce other goods.
• C) any decision to use factors of production to produce one good doesn't necessarily mean that these factors are not available to produce other goods.
• D) the factors of production are unlimited by a country's geographical frontiers.
• E) countries are endowed with factors of production in infinite amounts.

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Definitions:

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