A production possibility frontier shows the:
A) minimum amount of resources required to produce two different goods.
B) maximum amount of resources required to produce two different goods.
C) different combinations of two goods that can be produced using all available resources.
D) different combinations of two goods that can be produced using least amount of resources.

Question

Quizplus · Accepted Answer

The production possibility frontier (PPF) illustrates the various combinations of two goods that an economy can produce given its available resources and technology, assuming all resources are fully utilized.

A Production Possibility Frontier Shows The