Question

The term "___ ___ Frontier" (or Curve) is a diagram showing the maximum amount of goods and/or services an economy can produce.

Answer 1

Answer

Production Possibility Frontier

Explanation

The Production Possibility Frontier (PFF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors. The PPF assumes that all inputs are used efficiently. The (PFF) represents the point at which a country's economy is most efficiently producing its goods and services and, therefore, allocating its resources in the best way possible.

Answer 2

Answer:

Production Possibilities