When Drawing a Production Possibilities Frontier, All of the Following

question 140

Multiple Choice

When drawing a production possibilities frontier, all of the following are usually assumed except one.Which is the exception?

• A)The quantity of resources is rapidly growing.
• B)Technology is fixed.
• C)Resources can be shifted between production of the two goods.
• D)The production possibilities frontier is drawn for a particular time period.
• E)Resources are fully and efficiently employed.