When constructing a production possibilities frontier, which of the following is NOT an assumption?
A) The economy produces only 2 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
Q91: Figure 2-3 Q92: When a production possibilities frontier is linear, Q94: Which of the following is the most Q95: Figure 2-4 Q95: Figure 2-4 Q97: When is an economic outcome said to Q99: Which of the following concepts is NOT Q100: Figure 2-3 Q101: Table 2-1 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![]()
![]()
![]()
![]()
Production Possibilities for Toyland

![]()