The graphical tool we could use to represent the combinations of two goods that are possible with a given society at full employment is a(n):

Question

Quizplus · Accepted Answer

The production possibilities frontier (PPF) is a graphical tool used to represent the combinations of two goods that a given society can produce with its given resources and technology at full employment. It represents the maximum amount of one good that can be produced for every possible level of production of the other good. The PPF is also useful in illustrating the concept of opportunity cost, which is the value of the next best alternative forgone when making a decision. Therefore, the PPF is the best choice for representing the combinations of two goods that are possible with a given society at full employment.

The Graphical Tool We Could Use to Represent the Combinations