In the four- quadrant diagram of the specific factors model,the graph in the upper right quadrant is a country's
A)labor supply curve.
B)labor allocation constraint.
C)production function for food.
D)production possibility frontier.
E)production function for cloth.

Question

Quizplus · Accepted Answer

The production possibility frontier (PPF) shows the maximum possible combinations of two goods that can be produced with the given resources and technology. In the four-quadrant diagram of the specific factors model, the PPF is graphed in the upper right quadrant.

In the Four- Quadrant Diagram of the Specific Factors Model,the