ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A production possibilities curve showsSSEF6d
A
the technological changes that improve production
B
choices a person makes between items
C
all of society’s resources
D
the combination of goods that can be produced with a set of resources
Explanation: 

Detailed explanation-1: -The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.

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