Question

The term "___ ___ Frontier" (or Curve) is a diagram showing the maximum amount of goods and/or services an economy can produce.

Example: when production falls below this line resources are not being used at full efficiency

Answer: Production Possibilities!!!

Answer 1

Production Possibilities

Answer 2

Production Possibility Frontier

Step-by-step explanation

The Production Possibility Frontier (PFF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors. The PPF assumes that all inputs are used efficiently. The (PFF) represents the point at which a country's economy is most efficiently producing its goods and services and, therefore, allocating its resources in the best way possible.