Question

1. which of the following are assumptions of the ppc model? technology constantly improves resources are unlimited economy produces only two goods resources are fixed

Explanation:

The Production - Possibility Curve (PPC) model assumes that the economy produces only two goods, and resources are fixed. Technology is assumed to be constant in the short - run for drawing a particular PPC, and resources are limited.

Answer:

C. Economy produces only two goods
D. Resources are fixed