The _____ is an economic model that shows the limit of what an economy can produce when all resources are used efficiently.
A) circular flow model
B) production possibilities frontier model
C) opportunity cost model
D) law of increasing costs

Question

Quizplus · Accepted Answer

The production possibilities frontier (PPF) model demonstrates the maximum combination of goods or services that can be produced in an economy given its resources and technology, assuming all resources are used efficiently.

The _____ Is an Economic Model That Shows the Limit