smooth PPC is based on the assumption that
(a) In inite production possibilities exist (b) Limited production possibilities exist (c) to production possibilities exist
(d) none of the above
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The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions
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Limited production possibilities exist
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