The Production Possibilities Frontier Model Assumes Which of the Following

question 308

Multiple Choice

The production possibilities frontier model assumes which of the following?

• A)Labour, capital, land and natural resources are unlimited in quantity.
• B)The economy produces only two products.
• C)Any level of the two products that the economy produces is currently possible.
• D)The level of technology is variable.

---

Definitions:

Discriminatory Bias

Prejudice resulting in unfair treatment of individuals or groups based on characteristics such as race, gender, or age.

Productivity

The efficiency with which input resources are converted into outputs, often measured as the amount of output per unit of input.

Supply Reduction

A decrease in the amount of a good or service that producers are willing to provide, often due to factors like high production costs or regulatory measures.

Union

A worker association that bargains with employers over wages and working conditions.