A simple economy produces two goods food and clothing with 2 inputs capital and labor what is the correspondinf production possibility frontier
Answers
Answered by
0
Answer:
PPF also plays a crucial role in economics. It can be used to demonstrate the point that any nation's economy reaches its greatest level of efficiency when it produces only what it is best qualified to produce and trades with other nations for the rest of what it needs.
Similar questions
Science,
5 months ago
Business Studies,
10 months ago
Business Studies,
10 months ago
Biology,
1 year ago
Physics,
1 year ago