Solved

Which of the Following Is NOT True Regarding the Production

Question 24

Multiple Choice

Which of the following is NOT true regarding the production possibilities frontier (PPF) ?


A) The PPF shows the combination of goods that a country can produce given its current productivity and supply of resources.
B) The PPF illustrates the trade-offs that exist in the production of goods.
C) The PPF shows that gains from trade are maximized when countries produce those goods for which they have the absolute advantage in production.
D) The PPF illustrates the fundamental ideas of scarcity and opportunity cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions