Which of the following is held constant when constructing a production possibilities curve?
A) the price level
B) the amount of total resources used
C) combination of goods produced
D) all of the above

Question

Quizplus · Accepted Answer

The production possibilities curve assumes that the amount of total resources used is constant, illustrating the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.

Which of the Following Is Held Constant When Constructing a Production