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.

Question

Quizplus · Accepted Answer

Production possibilities frontier assumes that resources are limited and finite, therefore, the quantity of resources is not rapidly growing.

When Drawing a Production Possibilities Frontier, All of the Following