Question

1. the production possibilities curve or frontier illustrates both the economic concepts of scarcity and opportunity cost.

○ agree
○ disagree

Explanation:

The Production Possibilities Frontier (PPF) shows the maximum combination of two goods an economy can produce with its limited resources. Points outside the PPF are unattainable, demonstrating scarcity (limited resources can't satisfy all wants). The downward slope of the PPF reflects opportunity cost: producing more of one good requires giving up units of the other, as resources are reallocated.

Answer:

Agree