Asked by Pauline
                How does a production possibilities curve illustrate how efficient an economy is?
            
            
        Answers
                    Answered by
            economyst
            
    By itself, a ppc does'nt illustrate efficiency.  In a two-good world (which is how PPCs are typically drawn), the PPC represents the maximum production of the two goods, and assumes that inputs are used efficiently.  To illustrate efficiency, you need more information.
    
                                                    There are no AI answers yet. The ability to request AI answers is coming soon!
                                            
                Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.