On the vertical axis, the production possibilities frontier shows ________ ; on the horizontal axis, the production possibilities frontier shows ________ ?
Select ONE answer:
- the quantity of a good; a weighted average of resources used to produce the good.
- the quantity of a good; the number of workers employed to produce the good.
- the quantity of a good; the price of the good.
- the quantity of one good; the quantity of another good.
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 4
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