The problem of scarcity and choice making can be depicted using the tool of ___ curve.

Question

Quizplus · Accepted Answer

The Production Possibility Curve (PPC) is the tool that depicts the problem of scarcity and the necessity of making choices, as it shows the maximum number of different goods that can be produced in a society given fixed resources and technology, highlighting the trade-offs and opportunity costs involved in production decisions.

The Problem of Scarcity and Choice Making Can Be Depicted