Production possibilities are the
A)Alternative combinations of output that can be produced using all available resources and technology.
B)Various production methods that producers can employ.
C)Various types of input that each manufacturing facility can choose to employ.
D)Percentage of output produced by each worker.

Question

Quizplus · Accepted Answer

Production possibilities relate to the different combinations of output that can be produced with the available resources and technology. It represents the maximum amount of output that can be produced with the resources and technology available. Therefore, option A is the correct choice.

Production Possibilities Are the