In drawing a production possibilities curve we hold constant:
A)the money supply.
B)the consumer price index.
C)both technology and resource supplies
D)resource supplies only.

Name: In drawing a production possibilities curve we hold constant: A)the money supply. B)the consumer price index. C)both technology and resource supplies D)resource supplies only.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

A production possibilities curve assumes that both technology and resource supplies are held constant to show the trade-offs between two goods.

In Drawing a Production Possibilities Curve We Hold Constant