javedhussainijh javedhussainijh

24-02-2021
Social Studies

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If the production possibilities curve is relatively linear, we say that:
A Resources are equally suited for the production of either good
B Resources are not equally suited for the production of both goods
Resources are being inefficiently used in the economy
D Economic growth is occurring in the economy
E
Resources are scarce in the economy

Respuesta :

24-02-2021

Answer:

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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