Which of the following concepts cannot be illustrated by the production possibilities frontier?
A)efficiency
B)opportunity cost
C)equality
D)trade-offs

Question

Quizplus · Accepted Answer

The production possibilities frontier only illustrates the trade-offs between two goods and the opportunity cost of producing one over the other. Efficiency can be illustrated by producing at the point on the frontier, where all resources are fully utilized. However, equality is a social goal that cannot be fully represented on the production possibility frontier as it does not take into account the distribution of goods and services among individuals.

Which of the Following Concepts Cannot Be Illustrated by the Production