A PPF is the boundary between combinations of goods that can beA produced & that can be consumed.B consumed domestically & consumed by foreigners. C consumed & those that cannot be produced.D produced & those that cannot be produced
D produced & those that cannot be produced
A PPF representsA maximum levels of production that is possible.B maximum resources available at any given time.C combinations of goods and services that do not fully use availableD the maximum growth rate possible for a country
A the maximum levels of production that is possible.
A PPF does NOT illustrateA attainable and unattainable points.B exchange of one good or service for another.C the limits on production imposed by our limited resources and technology.D opportunity cost
B exchange of one good or service for another.
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