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LoginQ: The production possibilities curve illustrates the basic principle that
QuestionBank Banking And Financial Awareness 1 year ago
Option 1 : if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.
Option 2 : the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
Option 3 : an economy will automatically obtain full employment of its resources.
Option 4 : an economy's capacity to produce increases in proportion to its population size.
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1 year ago
the production of more of any one good will in time require smaller and smaller sacrifices of other goods.Click Here For More