A fundamental idea behind the production possibilities frontieris:
A)the idea of absolute advantage.
B)the presence of trade-offs in production.(True Answer )Correct
C)that economic growth is unlimited.
D)that incentives matter.

Question

Quizplus · Accepted Answer

The production possibilities frontier demonstrates the concept of trade-offs in production, where the production of more of one good requires sacrificing the production of another good.

A Fundamental Idea Behind the Production Possibilities Frontieris