When drawing a production possibilities frontier for two goods,all of the following are usually assumed except one.Which is the exception?
A)The quantity of resources is rapidly growing.
B)Technology is fixed.
C)Resources can be shifted from the production of one good to the other.
D)The production possibilities frontier is drawn for a particular time period.
E)Resources are fully and efficiently employed.

Question

Quizplus · Accepted Answer

The assumption of rapidly growing resources is not usually made when drawing a production possibilities frontier, as resources are usually considered to be scarce and limited.

When Drawing a Production Possibilities Frontier for Two Goods,all of the Following