When constructing a production possibilities frontier,which of the following is NOT an assumption?
A) The economy produces only two goods.
B) All the economy's factors of production are being used.
C) The economy has a fixed level of technology.
D) The economy may increase its available factors of production.
Correct Answer:
Verified
Q85: Figure 2-3 Q89: Figure 2-4 Q89: On a production possibilities frontier, when is Q89: Figure 2-3 Q94: Figure 2-3 Q95: Figure 2-4 Q95: Suppose a nation is currently producing at Q97: In what region of the production possibilities Q107: Figure 2-6 Q114: Figure 2-6 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
![]()
![]()
![]()
![]()
![]()
![]()
![]()