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If the country of Josland is producing inside its Production Possibilities Frontier (PPF) then the country a. can increase production of goods with no increase in resources. b. is fully using its resources. c. cannot do any better than it is currently doing. d. has unemployed resources e. both a and d are true

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  1. 23 July, 13:57
    Has unemployed resources


    Production possibilities frontier (PPF), also known as production possibility curve, indicates the maximum output combinations of two goods or services an economy can achieve by fully using all available resources efficiently. So when a country is producing inside of this curve, it means there are some resources not yet utilized.
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