Scarcity is represented on a production possibilities frontier figure by
A) technological progress.
B) the fact that there are attainable and unattainable points.
C) the fact that there are only two goods in the diagram.
D) the amount of the good on the horizontal axis forgone.

Question

Quizplus · Accepted Answer

The production possibilities frontier (PPF) illustrates scarcity by showing both attainable and unattainable points, indicating that not all desires can be satisfied with limited resources, hence demonstrating the concept of scarcity.

Scarcity Is Represented on a Production Possibilities Frontier Figure by