When drawing a production possibilities frontier, all of the following are usually assumed except one

ECONOMICS

Multiple Choice

Multiple Choice

When drawing a production possibilities frontier, all of the following are usually assumed except one. Which is the exception?

a. The quantity of resources is rapidly growing.

b. Technology is fixed.

c. Resources can be shifted between production of the two goods.

d. The production possibilities frontier is drawn for a particular time period.

e. Resources are fully and efficiently employed.

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