The production possibilities frontier is a graph showing the
A)minimum combinations of goods and services that can be produced.
B)resources available for the economy's production use.
C)maximum combinations of goods and services that can be produced.
D)tradeoff between free lunches.
E)exact point of greatest efficiency for producing goods and services.

Question

Quizplus · Accepted Answer

The production possibilities frontier (PPF) illustrates the maximum combinations of two goods or services that can be produced with available resources and technology, showing the trade-offs and opportunity costs.

The Production Possibilities Frontier Is a Graph Showing the