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Any point on a country's production possibilities frontier represents a combination of two goods that an economy can produce using all available resources and technology. True or False?

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Romarie Khazandra Marijuan
Romarie Khazandra MarijuanLv10
29 Sep 2019

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Related questions

Which of the following is a correct statement about the production possibilities frontier?

a) An economy can produce only on the production possibilities frontier.

b) An economy can produce at any point inside or outside a production possibilities frontier.

c) An economy can produce at any point on or inside the production possibilities frontier, but not outside the frontier.

d) An economy can produce at any point inside the production possibilities frontier, but not on or outside the frontier.

Which of the following is the most accurate statement about production possibilities?

A. an economy can produce only on the production possibilities frontier

B. an economy can produce at any point inside or outside production possibilities frontier.

C. an economy can produce at any point on or inside the production possibilities frontier, but not outside the frontier.

D. an economy can produce at any point inside the production possibilities frontier, but not outside the frontier.

Which of the following is a correct statement about production possibilities frontiers?

a) An economy can produce only on the production possibilities frontier.

b) An economy can produce at any point inside or outside a production possibilities frontier.

c) An economy can produce at any point on or inside the production possibilities frontier, but not outside the frontier.

d) An economy can produce at any point inside the production possibilities frontier, but not on or outside the frontier.

 

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