dariuswalker2499 dariuswalker2499
  • 03-02-2020
  • Business
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A point outside the production possibilities curve represents a combination of goods that is

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henrydesanta
henrydesanta henrydesanta
  • 13-02-2020

Answer:

A production combination outside of the PPF is unattainable by the economy with the given resources and technology.

This represents the Concept of scarcity in economics.

If the economy wishes to achieve the production point outside the frontier, they will have to enhance the production possibility capacity by introducing new technology or finding new resources.

Explanation:

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