The Production Possibilities Frontier Shows

question 124

Multiple Choice

The production possibilities frontier shows:

• A) the combinations of outputs a country can produce given its resources and productivity.
• B) the combinations of inputs that a country has given its outputs and productivity.
• C) the combinations of outputs and resources that a country possesses given its productivity.
• D) the maximum level of a country's productivity given its resources and outputs.

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Definitions:

Industrial Engineering

The study of jobs to find the simplest way to structure work in order to maximize efficiency.

Complexity

The state or quality of being intricate or complicated, often referring to systems, problems, or processes.

Certified External Analysts

Professionals who have been officially recognized and certified to analyze and evaluate the performance, systems, or financial health of organizations from outside.

U.S. Department Of Labor

A federal department responsible for occupational safety, wage standards, unemployment insurance benefits, reemployment services, and some economic statistics.