Scarcity is represented on a production possibilities frontier figure by
A) technological progress.
B) the amount of the good on the horizontal axis forgone.
C) the fact that there are only two goods in the diagram.
D) the fact there are attainable and unattainable points.

Question

Quizplus · Accepted Answer

Scarcity is represented by the production possibilities frontier (PPF) because it shows the limits of what can be produced with available resources, distinguishing between attainable and unattainable points.

Scarcity Is Represented on a Production Possibilities Frontier Figure by