Question

3. Which of these is not an assumption of PPC?
(a) Resources are not fully employed
(b) Resources in the economy are fixed
(c) There is no change in level of technology
(d) Resources are equally efficient in production of all products​

Answer 1

The four key assumptions underlying production possibilities analysis are: (1) resources are used to produce one or both of only two goods, (2) the quantities of the resources do not change, (3) technology and production techniques do not change, and (4) resources are used in a technically efficient way.

Answer 2

Answer:

Resources are not fully employed

Explanation: