select the correct answer. what does a production possibilities curve represent? a. a combination of price…

select the correct answer. what does a production possibilities curve represent? a. a combination of price and demand of goods and services b. a combination of the goods produced before and after a change in a factor of production c. a combination of two factors of production used to produce a single good or service d. a combination of two goods that can be produced using limited resources

select the correct answer. what does a production possibilities curve represent? a. a combination of price and demand of goods and services b. a combination of the goods produced before and after a change in a factor of production c. a combination of two factors of production used to produce a single good or service d. a combination of two goods that can be produced using limited resources

Answer

Brief Explanations:

A production - possibilities curve (PPC) shows the different combinations of two goods that can be produced given limited resources and technology. It is not about price - demand relationships (A is wrong), nor about goods produced before and after a change in a factor of production (B is wrong), nor about two factors of production for a single good (C is wrong).

Answer:

D. a combination of two goods that can be produced using limited resources