When drawing a production possibilities frontier for two goods, all of the following are usually assumed, except for one. Which of the following is the exception?

Question

Quizplus · Accepted Answer

The assumption that the quantity of resources is rapidly growing is not usually made when drawing a production possibilities frontier. This is because resource growth is typically slow and gradual, and not significant enough to be considered in the short run. The other assumptions listed - fixed technology, resource flexibility, specific time period, and full resource utilization - are all standard assumptions when drawing a production possibilities frontier.

When Drawing a Production Possibilities Frontier for Two Goods, All