While the production possibilities frontier is a useful model, it cannot be used to illustrate economic growth.

Name: While the production possibilities frontier is a useful model, it cannot be used to illustrate economic growth.
Brand: Quizplus
Rating: 4.8 (28 reviews)

Question

Quizplus · Accepted Answer

The production possibilities frontier (PPF) can be used to illustrate economic growth by showing an outward shift in the frontier, indicating that an economy can produce more goods and services than before.

While the Production Possibilities Frontier Is a Useful Model, It