Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Ask your questions and receive precise answers from experienced professionals across different disciplines. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

A production possibilities frontier represents the different choices or trade-offs a society faces. True. False..

Sagot :

Gibbs
The production possibilities frontier also called the production possibilities curve represents the different choices or trade-offs that a society faces given a finite number of resources. This is True. 
scouteo

The correct answer is True.

It is true that a production possibilities frontier represents the different choices or trade-offs a society faces.

In an economy, a production possibilities frontier or PPF is a transformation curve where economist can identify the máximum number of possibilities of two goods when resources are fixed. This serves a Company that has limited resources to make a decision on two things. The graphic shows a curve; one good in the “x” axis and the other one is in the “y” axis.  


Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.