Question

assumptions must be in place to plot all the possibilities on a Production Possibility Curve?

Choose TWO correct responses.

Answer 1

1) The economy produces only two goods (so trade-offs can be shown on a two‑dimensional graph).
2) Resources (quantity/quality) and technology are fixed (so the feasible set of outputs is constant).

Briefly: the two‑good assumption lets you plot combinations on an x–y plane; fixed resources/technology define a single, stable frontier of all possible production combinations.