Which of the following statements is true?
A) The concept of opportunity costs cannot be illustrated within a PPF framework.
B) If scarcity did not exist,neither would a PPF.
C) All PPFs are downward-sloping straight lines.
D) There are more attainable points than unattainable points in every PPF diagram.

Question

Quizplus · Accepted Answer

The PPF exists to show the trade-offs between producing one good over another due to scarcity. If scarcity did not exist, there would be no need for a PPF as everything could be produced without any limitations.

Which of the Following Statements Is True