How can I be a model?
How can I become a Victoria's Secret model?
How can I tell the model of a ludwig drum?
How will a new technological development affect the production possibility frontier?
What is a Production Possibility Frontier?
What is the difference between an original and a reproduction?
Where can I go to obtain appraisals for model trains?
economy what is
Question by tirkey79 (9)
I need to understand what the production possibility model is used to show in economics.
Answer by Vogin (108)
It describes the outpot of a hypothetical economy with full employment and full utilization of its resources. Consumer goods are on the X axis and capital good are on the Y axis.
Security code is wrong! Please try again!