Multiple Choice
What is the production possibilities frontier?
A) a map that shows the frontier beyond which technological innovation is unprofitable
B) a map that shows areas of the world in which capitalist production is highest
C) a graph that shows the various combinations of resources that can be used to produce a given level of output
D) a graph that shows the various combinations of output the economy can possibly produce given the available resources and technology
Correct Answer:
Verified
Correct Answer:
Verified
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