The Production Possibilities Frontier

Multiple Choice

The production possibilities frontier

A) depicts the boundary between those combinations of goods and services that can be produced and those that cannot, given resources and the current state of technology.
B) shows how many goods and services are consumed by each person in a country.
C) is a model that assumes there is no scarcity and no opportunity cost.
D) is a graph with price on the vertical axis and income on the horizontal axis.