contestada

Which of the following concepts cannot be illustrated by the production possibilities frontier? a. efficiency b. trade-offs c. equality d. opportunity cost

Respuesta :

Answer:

c. equality 

Explanation:

The production possibility frontier shows the two combinations of goods an economy can produce when all its resocurces are fully employed.

Production is efficient when the economy is producing on the production possibility frontier.

It shows what the amount of one good that has to be given up in order to produce one unit of the other good. Thus, it shows both opportunity cost and trade offs.

I hope my answer helps you.