A society can occasionally produce at a point beyond its production possibilities frontier if there is an economic crisis.

Question

Quizplus · Accepted Answer

The production possibilities frontier (PPF) represents the maximum output that a society can produce with its current resources and technology. Producing beyond the PPF is not possible under current conditions, even during an economic crisis. An economic crisis typically reduces production capabilities rather than expanding them.

A Society Can Occasionally Produce at a Point Beyond Its