The production possibilities curve marks the boundary between attainable and unattainable combinations of output.

Question

Quizplus · Accepted Answer

This statement is true. The production possibilities curve shows the maximum possible combinations of two goods or services that can be produced given the available resources and technology. Any point inside the curve represents an attainable combination, while any point outside the curve represents an unattainable combination.

The Production Possibilities Curve Marks the Boundary Between Attainable and Unattainable