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blondinia [14]
3 years ago
5

How are fads different from trends?

History
1 answer:
Ivenika [448]3 years ago
6 0

Answer: D. Fads last for a relatively short time, and trends often result in societal change

Explanation: A P E X, I just took the test

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The importance of production possibilities curve is that it helped demonstrate the maximum possible output of goods given a set amount of resources.

<h3>What is a production possibilities curve?</h3>

It refers to the economic model that shows the maximum combinations of goods and services or any two categories of goods that can be produced from a fixed amount of resources.

The model of Production Possibilities Curve are used to show the tradeoffs associated with allocating resources between the production of two goods. It can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, contractions as well.

In conclusion, the importance of production possibilities curve is that it helped demonstrate the maximum possible output of goods given a set amount of resources.

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The phase of education help us to understand the previous policies and to think about the new one. Likewise, we automatically get involve in policymaking.

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