When constructing a production possibilities frontier, which of the following is NOT an assumption?
A) The economy produces more than two goods.
B) All the economy's factors of production are being used.
C) The economy has a fixed level of technology.
D) The economy's available factors of production are fixed.

Question

Quizplus · Accepted Answer

The Answer of When constructing a production possibilities frontier, which of the following is NOT an assumption?
A) The economy produces more than two goods.
B) All the economy's factors of production are being used.
C) The economy has a fixed level of technology.
D) The economy's available factors of production are fixed.

When Constructing a Production Possibilities Frontier, Which of the Following