The alternative combinations of goods and services that can be produced in a given time period with the available resources and technology is the:

Question

Quizplus · Accepted Answer

The production possibilities curve represents the different combinations of goods and services that can be produced with the available resources and technology. It shows the trade-offs between producing one good versus another and helps to illustrate the concept of opportunity cost. The other choices are not related to this concept.

The Alternative Combinations of Goods and Services That Can Be