The production possibility frontier (PPF) can be very complex when there are several items to choose between. D)opportunity cost. A production possibility frontier (PPF) shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently employed If we increase our output of consumer goods (i.e. It is easiest to understand the PPF by visualizing it in just two dimensions. The points in between L and M represent all the possible combinations of agricultural and manufactured goods that are currently possible. b. the citizens of the country have a greater desire to consume goods and services than do the citizens of other countries. A country's consumption possibilities frontier can be outside its production possibilities frontier if a. the country engages in trade. All of the points inside a production possibilities frontier (PPF) are attainable. Therefore, a point outside of the production possibility frontier (such as J) is currently impossible – there are simply not enough resources. B)the exchange of one good or service for another. C)the limits on production imposed by our limited resources and technology. Are always choices that have to be made c. Scarcity is reflected by the unattainable points such as x. Attainable points can be reached while unattainable region is not capable of reaching at this point. 8) 9)Any production point outside the production possibilities frontier A)is attainable only if prices fall. 8) The points outside the production possibilities frontier are A) efficient. All the points above the curve are out of the capacity of production, while all the points below are underutilization of resources. c. the country’s technology is superior to the technologies of other countries. will be no agricultural goods (point M). Get more help from Chegg Get 1:1 help now from expert Economics tutors 1. C the points outside the area enclosed by the production possibilities frontier. All points outside the production possibility frontier are: efficient production points. All of the points outside the production possibilities frontier are unattainable. true or false. infeasible production points Oeconomic growth. inefficient production points. point outside the production possibility frontier are attainable but inefficient. Production Possibility Frontier (PPF) PPF refers to the curve formed by a combination of production of two goods in such a way that the resources and technology are utilized in the most efficient way. B) attainable. D) unattainable. The ppf is a graphical representation of the data found in the table and is known as the production possibilities frontier. 2. A point beneath the curve indicates inefficiency, and a point beyond the curve indicates impossibility. d. All of the above are correct. C) inefficient. 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