Consider the production possibilities curve for an economy producing only two commodities wheat (represented on the X axis) and wine (represented on the Y axis). A movement up along the production possibilities curve [PPC] will imply:

Question

Jean Mullins

Social Studies

2 February, 04:19

Consider the production possibilities curve for an economy producing only two commodities wheat (represented on the X axis) and wine (represented on the Y axis). A movement up along the production possibilities curve [PPC] will imply:

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Keith Atkinson · Answer 1

Answer:A movement up along the production possibility frontier implies that we are converting resources meant for the production of wheat to produce wine.