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Card 1 of 24

What does a production possibility frontier show?

A

It shows the maximum combinations of two goods producible with current resources and technology.

B

It shows the actual combinations of two goods produced by the economy.

C

It shows the minimum combinations of two goods producible with current resources and technology.

D

It shows the maximum combinations of one good producible with current resources and technology.

Card 1 of 24

1.1.5 Production possibility diagrams Flashcards

  1. A Level
  2. /Economics
  3. /1.1.5 Production possibility diagrams

24 flashcards on AQA A Level Economics 1.1.5 Production possibility diagrams: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards