The production possibilities frontier illustrates which of the following economic ideas?

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The production possibilities frontier illustrates all three economic ideas: opportunity cost, tradeoffs, and efficiency. It shows the tradeoffs a society must make when choosing how to allocate their limited resources, illustrating the concept of opportunity cost. It demonstrates the different combinations of goods and services that can be produced, highlighting the idea of tradeoffs. Finally, it shows the most efficient use of resources, which is the allocation of resources that produces the maximum possible output of one good for a given level of inputs.

The Production Possibilities Frontier Illustrates Which of the Following Economic