Question: Question 2 [8] The production possibilities curve (also called a production possibilities frontier) indicates the combinations of any two goods or services that are

Question 2 [8] The production possibilities curve (also called a production possibilities

Question 2 [8] The production possibilities curve (also called a production possibilities frontier) indicates the combinations of any two goods or services that are attainable when the community's resources are fully and efficiently employed. Use a production possibilities curve (PPC) to illustrate each of the following (indicating goods on the vertical axis and services on the horizontal axis): 2.1. A decrease in productivity in the goods sector 2.2. A shift in production from services to goods (4) (4)

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