The production possibilities frontier is useful for demonstrating both scarcity and productive inefficiency.

Name: The production possibilities frontier is useful for demonstrating both scarcity and productive inefficiency.
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The production possibilities frontier shows that resources are scarce and that there is a trade-off in how those resources can be used. It also shows the concept of productive inefficiency, which occurs when resources are not being used in the most efficient way possible.

The Production Possibilities Frontier Is Useful for Demonstrating Both Scarcity