<u>The term "</u><u>Production possibility </u><u>Frontier" (or Curve) is a diagram showing the maximum amount of goods and/or services an economy can produce.</u>
<h2>Explanation:</h2>
The production possibility curves is a hypothetical representation of the amount of two different goods. This is a curve depicting all maximum output possibilities for two goods. In other words production possibility curve measures the maximum output of two goods using a fixed amount of input.
The correct answer is Production Possibility Frontier (PFF).
<u>Explanation:</u>
The term Production Possibility Frontier (PFF) (or Curve) is a diagram showing the maximum amount of goods and/or services an economy can produce.
A curve which depicts all the maximum output possibilities for two goods, with given set of inputs consisting of resources and other factors is called a Production Possibility Frontier.
The Production Possibility Frontier assumes that all inputs are used efficiently, representing the point at which a country's economy efficiently producing its goods and services.
The Selective Service Act, or Selective Draft Act, enacted May 18, 1917, authorized the federal government to raise a national army through conscription for American entry into World War I.
