A production possibilities frontier is a graph that shows the various combinations of outputs the economy can produce given its factors of production and its technology.

Question

Quizplus · Accepted Answer

A production possibilities frontier (PPF) is a graphical representation of the maximum output that can be produced in an economy using available resources and technology. It shows the trade-offs between two different goods or services that an economy can produce given a fixed amount of resources.

A Production Possibilities Frontier Is a Graph That Shows the Various