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Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF)? a. We live in a world with only two goods. b. There are no increases in technology
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Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF)?

a. We live in a world with only two goods.
b. There are no increases in technology
c. There is no change in available resources.
d. Society will always be producing somewhere on the PPF.
e. There are no decreases in technology.

User Dopstar
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1 Answer

3 votes

Answer:

Option D

Step-by-step explanation:

Because it is not one of the key assumption underlying ppf

User SilentGhost
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