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2.2 The production possibilities frontier and social choices  (Page 20/21)

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  • Card 20 / 21:
    production possibilities frontier (PPF)

    a diagram that shows the productively efficient combinations of two products that an economy can produce given the resources it has available.

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Practice FlashCards 11 Key Terms 5

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Source:  OpenStax, Principles of macroeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11864/1.2
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