Solved

The Production Possibilities Frontier Shows

Question 102

Multiple Choice

The production possibilities frontier shows


A) the various products that can be produced now and in the future.
B) the maximum attainable combinations of two products that may be produced in a particular time period with available resources.
C) what an equitable distribution of products among citizens would be.
D) what people want firms to produce in a particular time period.

Correct Answer:

verifed

Verified

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

Related Questions

Q97: In a simple circular flow diagram,who supplies

Q98: The concept of _ is that the

Q99: Figure 2-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-1

Q100: An increase in the unemployment rate may

Q101: Figure 2-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-1

Q103: Figure 2-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-5

Q104: Suppose there is some unemployment in the

Q105: Figure 2-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-8

Q106: Table 2-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 2-4

Q107: Table 2-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 2-5