Production possibilities frontiers vary across countries because:

Question

Quizplus · Accepted Answer

Production possibilities frontiers vary across countries primarily due to differences in factor endowments (such as land, labor, and capital) and technology. These factors directly affect a country's production capabilities and efficiencies. While international trade can influence what a country chooses to produce or consume, it doesn't inherently change the country's production possibilities frontier.

Production Possibilities Frontiers Vary Across Countries Because