The production possibilities frontier illustrates ……. ?
Select ONE answer:
- all goods that can be produced by an economy.
- all goods and services that are desired but cannot be produced due to scarce resources.
- the combination of goods and services that can be produced efficiently.
- all possible production of capital goods.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 3
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