Knowledge of where society is on its production-possibility frontier is sufficient to answer the for whom question for this society.

Question

Quizplus · Accepted Answer

The production-possibility frontier shows the possible combinations of two goods that can be produced with the given resources and technology. It does not indicate how these goods will be distributed among individuals or groups within the society, hence it cannot answer the for whom question. The for whom question addresses the issue of who will get access to the goods and services produced within the society, and this depends on factors such as income distribution, social preferences, and political systems.

Knowledge of Where Society Is on Its Production-Possibility Frontier Is