What does a production possibility curve show?
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The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology
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The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology.
Explanation:
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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