At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

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. 

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.