The points on the production possibilities frontier show the cost of the different goods that a country can produce.

Name: The points on the production possibilities frontier show the cost of the different goods that a country can produce.
Brand: Quizplus
Rating: 5.0 (43 reviews)

Question

Quizplus · Accepted Answer

The points on the production possibilities frontier show the maximum possible output combinations of two goods that a country can produce given its resources and technology, not the cost.

The Points on the Production Possibilities Frontier Show the Cost