Solved

The Production Possibilities Frontier Is the

Question 99

Multiple Choice

The production possibilities frontier is the


A) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced when technology is changing.
B) minimum output that can be produced when resources are used inefficiently.
C) maximum opportunity cost combinations of goods and services.
D) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced, given the available factors of production and the state of technology.
E) maximum output that can be produced at an opportunity cost of zero.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents