The production possibilities frontier is a:
A) graph that shows the various combinations of output the economy can possibly produce, given the available resources and technology
B) graph that shows the various combinations of resources the economy can possibly produce, given the available output
C) graph that shows the various combinations of concrete the economy can possibly produce, given the available agricultural land
D) graph that shows the various combinations of wheat the economy can possibly produce, given the available cement
Correct Answer:
Verified
Q66: Economists use models in order to:
A)develop insights
Q67: Economic models are generally constructed with:
A)tubes and
Q68: In a circular-flow diagram:
A)households sell goods and
Q69: In the circular-flow diagram:
A)firms are sellers in
Q70: Which of the following is the most
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents