The production possibility frontier (PPF) can be very complex when there are several items to choose between. However moving into the unattainable region would be better for the economy. b. the citizens of the country have a greater desire to consume goods and services than do the citizens of other countries. Let’s understand PPF, with an example:- Below is the tabular data of two products (Soap and Pencil), production of which can be done optimally with the help of Production Possibility Frontier. Get more help from Chegg Get 1:1 help now from expert Economics tutors point outside the production possibility frontier are attainable but inefficient. The ppf is a graphical representation of the data found in the table and is known as the production possibilities frontier. A country's consumption possibilities frontier can be outside its production possibilities frontier if a. the country engages in trade. 1. 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. Are always choices that have to be made c. Scarcity is reflected by the unattainable points such as x. 8) 9)Any production point outside the production possibilities frontier A)is attainable only if prices fall. Therefore, a point outside of the production possibility frontier (such as J) is currently impossible – there are simply not enough resources. A point beneath the curve indicates inefficiency, and a point beyond the curve indicates impossibility. 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. All of the points outside the production possibilities frontier are unattainable. true or false. 2. Attainable points can be reached while unattainable region is not capable of reaching at this point. C)the limits on production imposed by our limited resources and technology. The points in between L and M represent all the possible combinations of agricultural and manufactured goods that are currently possible. will be no agricultural goods (point M). 8)A production possibilities frontier does NOTillustrate A)attainable and unattainable points. All of the points inside a production possibilities frontier (PPF) are attainable. It is easiest to understand the PPF by visualizing it in just two dimensions. All the points above the curve are out of the capacity of production, while all the points below are underutilization of resources. B)the exchange of one good or service for another. C) inefficient. d. All of the above are correct. D) unattainable. 8) The points outside the production possibilities frontier are A) efficient. B) attainable. 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