The production possibility frontier shows the maximum output a nation can produce with available resources.Group of answer choicesTrueFalse

The production possibilities frontier is a graph that shows the various combinations of: a. Output the economy can possibly produce, given the available resources and technology b. Wheat the economy can possibly produce, given the available cement c. Concrete the economy can possibly produce, given the available agricultural land d. Resources the economy can possibly produce, given the available output

Points inside the production possibility frontier areGroup of answer choicesattainable because within what is possible for productioninefficient because not all resources are usedinfeasible because beyond the curveefficient because resources are maximized

Combinations lying the production possibilities frontier are possible but inefficient with the current resources and technology. (Enter one word in the blank.)

Combinations outside of the production possibilities frontier are:Multiple choice question.possible to produce and efficient.only possible with a reduction in labor.not currently possible to produce.possible to produce but inefficient.

The production possibilities frontier (PPF) shows how much of two goods an economy can produce when it is using all available as efficiently as possible.