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Which of the following is NOT shown on a production possibilities curve? A. all of the goods and services an economy has the ability to produce B. the efficiency of an economy C. whether an economy has grown or shrunk D. the opportunity cost of a decision to produce more of one good or service

Jodi Brooks

in Business

1 answer

1 answer

Alexa Spicer on May 25, 2018

I think that the correct answer of the above mentioned options is option B. The efficiency of an economy is not shown on a production possibilities curve. The production possibilities curve assumes that all inputs are efficiently used. I hope this answers the question.

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