Question

What does the production possibility frontier show?

Answer 1

Answer:

Show the maximum possible outcomes.

Explanation:

• The production possibility curve depicts the maximum possible output that is a combination of two or more goods and services of the economy and are achieved when all resources are fully and efficiently used. Such as the availability of the technology and resources. The PPF works on the concept of scarcity, choice, and trade-offs.

Answer 2

It shows the max possible output combinations of two goods or services an economy can get when all the resources are efficiently and fully used.