Society's Production Possibilities Frontier

Society's production possibilities frontier

A) helps explain the immense complexity of the real economy
B) demonstrates that, although resources are scarce for individuals, there is no problem of scarcity for
Society as a whole
C) is based on unrealistic assumptions and therefore has no value as an economic tool
D) is based on simplifying assumptions, but is still useful for illustrating scarcity, opportunity cost, and
Economic growth
E) is based on the assumption that technology is constantly changing