Answer :
The production possibilities frontier also called the production possibilities curve represents the different choices or trade-offs that a society faces given a finite number of resources. This is True.
The correct answer is True.
It is true that a production possibilities frontier represents the different choices or trade-offs a society faces.
In an economy, a production possibilities frontier or PPF is a transformation curve where economist can identify the máximum number of possibilities of two goods when resources are fixed. This serves a Company that has limited resources to make a decision on two things. The graphic shows a curve; one good in the “x” axis and the other one is in the “y” axis.
