Which of the following is NOT illustrated by a production possibilities frontier? A) scarcity B) necessity for choice C) who gets the goods D) opportunity cost

Question

Quizplus · Accepted Answer

A production possibilities frontier illustrates the trade-offs and opportunity costs of producing different combinations of two goods with limited resources. It does not directly address the issue of who gets the goods, which is a question of distribution and allocation.

Which of the Following Is NOT Illustrated by a Production