What is the name of a graph that shows all the combinations of
goods and services that can be produced if all of society's resources
ara used?
O production possibilities curve
O Lorenz Curve
O capital consumption frontier
O circular flow model

Question

24-06-2022
Business

contestada

What is the name of a graph that shows all the combinations of
goods and services that can be produced if all of society's resources
ara used?
O production possibilities curve
O Lorenz Curve
O capital consumption frontier
O circular flow model

Respuesta :

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suchetasVT suchetasVT · Answer 1 · 2022-06-28T18:37:35+02:00

Production Possibilities Curve is the name of the graph that shows all the combinations of goods and services that can be produced if all of society's resources are utilized. Hence, Option A is the correct choice in this case.

What is a Production Possibilities Curve?

A graph that suggests all of the extraordinary combinations of the output of goods that may be produced using available sources and technology is referred to as the Production Possibilities Frontier (PPF). The PPF captures the ideas of shortage, choice, and tradeoffs.

Hence, Production Possibilities Curve is the name of the graph that shows all the combinations of goods and services that can be produced if all of society's resources are utilized. Option A is the correct choice in this case.

Learn more about Production Possibilities Curve:

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What is the name of a graph that shows all the combinations of goods and services that can be produced if all of society's resources ara used? O production possibilities curve O Lorenz Curve O capital consumption frontier O circular flow model

Respuesta :

What is a Production Possibilities Curve?

Otras preguntas

What is the name of a graph that shows all the combinations of
goods and services that can be produced if all of society's resources
ara used?
O production possibilities curve
O Lorenz Curve
O capital consumption frontier
O circular flow model