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kicyunya [14]
3 years ago
10

What does a production possibilities curve represent? a combination of price and demand of goods and services a combination of t

he goods produced before and after a change in a factor of production a combination of two factors of production used to produce a single good or service a combination of two goods that can be produced using limited resources
Business
2 answers:
Tema [17]3 years ago
8 0
Answer; 
<span>Combination of two goods that can be produced using limited resources</span>

Explanation;
A production possibilities curve is a graphical representation of the alternative combinations of goods and services an economy can produce. Considering the fact that an economy's factors of production are scarce; they can not produce an unlimited quantity of goods and services, a production curve is crucial in determining the alternative combinations of goods and services. For example if the curve is a straight line, it means the for every unit of good y relinquished, an additional unit of good x can be produced. 
Evgen [1.6K]3 years ago
7 0
The answer is a combination of two goods that can be produced using limited resources.

In order for a economy to be efficient, they must be able to decide on the products and services they can produce with their limited resources. In this way, they would be able to address the needs of the people in that particular setting. It would help them lessen expenditures on raw materials that are not available to them. 
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If the general education level within a country rises significantly over time, it is likely that: the country’s production possi
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