C3 - Production Possibility Frontier Flashcards by Rafa Williams | Brainscape

Q

Shows

A

Possibilities of quantity of production between two goods

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Q

Availability of resources increases

A

PPF Enlarges

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Q

Productivity increases

A

PPF Enlarges

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Q

Productive Efficiency

A

Production at lowest cost

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Q

Allocatively Efficient

A

Social welfare maximised

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Q

Graph Marks

A

Correct axis label
2.Correct graph drawn
3.New coordinates labeled on axis
4.Correct new graph drawn

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