Which concept is NOT illustrated by the production possibilities frontier?

Question

Quizplus · Accepted Answer

The production possibilities frontier concept does not illustrate equity, which refers to fairness and the distribution of resources within a society. It instead focuses on the tradeoffs between different production options and the concept of opportunity cost, which involves the cost of giving up one option for another. Therefore, the best choice is C, as it is the only concept that is not directly related to the production possibilities frontier.

Which Concept Is NOT Illustrated by the Production Possibilities Frontier