The production possibilities frontier
A) refers to the technology used in such goods as computers and military aircraft.
B) marks the boundary between attainable combinations of goods and services and unattainable combinations.
C) is also called the supply curve.
D) once applied to U.S. technology but now refers to Japanese technology.

Question

Quizplus · Accepted Answer

The production possibilities frontier marks the boundary between attainable combinations of goods and services and unattainable combinations. It shows the maximum amount of one good that can be produced for every possible level of production of the other good, given the available resources and technology.

The Production Possibilities Frontier