In the production possibilities model,the vertical axis measures ________ and the horizontal axis measures ________.
A)the quantity of a good or service;the quantity of another good or service
B)people's wants;the quantity of a good or service
C)the quantity of a good or service;time
D)the price of a good or service;the price of another good or service
E)the price of a good or service;the quantity of the good or service

Question

Quizplus · Accepted Answer

The production possibilities model typically measures the quantity of one good or service on the vertical axis and the quantity of another good or service on the horizontal axis, illustrating trade-offs and opportunity costs.

In the Production Possibilities Model,the Vertical Axis Measures ________ and the Horizontal