McqMate
| Q. |
Which of these statement is true about production possibility curve (PPC/PPF) |
| A. | It shows various combinations of two goods which yield same level of satisfaction |
| B. | It shows various combination of two goods which an economy can produce with a given amount of resources |
| C. | It shows various combination of two goods which an economy can produce with a given budget |
| D. | It shows various combination of two goods which an economy can produce with a given time |
| Answer» B. It shows various combination of two goods which an economy can produce with a given amount of resources | |
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