<em>It is </em><u><em>true </em></u><em>that a production possibilities frontier represents the different choices or trade-offs a society faces.
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In an economy, a production possibilities frontier or PPF is a transformation curve where economist can identify the máximum number of possibilities of two goods when resources are fixed. This serves a Company that has limited resources to make a decision on two things. The graphic shows a curve; one good in the “x” axis and the other one is in the “y” axis.
The production possibilities frontier also called the production possibilities curve represents the different choices or trade-offs that a society faces given a finite number of resources. This is True.
Spanish minister Do Luis de Onis and U.S. Secretary of State John Quincy Adams sign the Florida Purchase Treaty, in which Spain agrees to cede the remainder of its old province of Florida to the United States.
