Which one of the following concepts is not illustrated by a production possibilities frontier?
A)scarcity
B)monetary exchange
C)opportunity cost
D)attainable and unattainable points
E)the tradeoff between producing one good versus another

Question

Quizplus · Accepted Answer

Production Possibilities Frontier (PPF) illustrates scarcity, opportunity cost, attainable and unattainable points, and the tradeoff between producing one good versus another. However, monetary exchange is not illustrated by a PPF.

Which One of the Following Concepts Is Not Illustrated by a Production