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3 years ago

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

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2 answers:

sweet [91]3 years ago

5 0

<h2>Answer:</h2>

<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.

mrs_skeptik [129]3 years ago

4 0

<u>Answer:</u>

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.

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

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