The selection of which point on the production possibilities frontier is most likely to result in the largest increase in econom

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Softa [21]

1 year ago

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The selection of which point on the production possibilities frontier is most likely to result in the largest increase in econom

ic growth over time?

Social Studies

1 answer:

lakkis [162] · Answer 1 · 2023-10-13T06:23:02+03:00

The selection of the highest point on the production possibilities frontier is most likely to result in the largest increase in economic growth over time.

<h3>What is production possibility frontier?</h3>

Production possibility frontier shows that there limits on production and that a good will increase of there is a corresponding increase in another.

may increase only if the production of the other commodity decreases.

The two products or commodity will depend upon the resource for manufacturing.

Therefore, the selection of the highest point on the production possibilities frontier is most likely to result in the largest increase in economic growth over time

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