On the vertical axis, the production possibilities frontier shows ; on the horizontal axis, the production possibilities frontier shows .
A) the quantity of a good; a weighted average of resources used to produce the good
B) the quantity of one good; the quantity of another good
C) the quantity of a good; the number of workers employed to produce the good
D) the quantity of a good; the price of the good

Question

Quizplus · Accepted Answer

On the vertical axis, the production possibilities frontier shows the quantity of one good, while on the horizontal axis, the production possibilities frontier shows the quantity of another good. The curve connecting the two points on the axes represents the maximum production possibilities given the resources available.

On the Vertical Axis, the Production Possibilities Frontier Shows ;