The PPC

‹ Comparative Advantage, Specialization, Efficiency, and the PPC

2 / 10

What does the shape of the Production Possibilities Curve (PPC) represent?

The maximum possible output combinations of two goods or services The increasing opportunity costs associated with resource allocation The efficient use of resources to achieve a desired outcome Both the maximum possible output combinations and increasing opportunity costs

You need to login to save your answer.

Back Next