The production-possibility curve illustrates the consumption preferences of a country's population, and explains why all people prefer to be employed rather than unemployed.

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The production-possibility curve illustrates the maximum combination of goods that can be produced by a country, given its resources and technology. It does not directly relate to consumption preferences or employment. However, it can indirectly impact employment if the curve shifts due to changes in technology, resources, or other factors that affect the economy.

The Production-Possibility Curve Illustrates the Consumption Preferences of a Country's