Multiple Choice
Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF) ?
A) We live in a world with only two goods.
B) There are no increases in technology.
C) There is no change in available resources.
D) Society will always be producing somewhere on the PPF.
E) There are no decreases in technology.
Correct Answer:
Verified
Correct Answer:
Verified
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