2. which of the following are assumptions of the ppc model? technology constantly improves resources are…

2. which of the following are assumptions of the ppc model? technology constantly improves resources are unlimited economy produces only two goods resources are fixed

2. which of the following are assumptions of the ppc model? technology constantly improves resources are unlimited economy produces only two goods resources are fixed

Answer

Brief Explanations:

The Production - Possibility Curve (PPC) model assumes that the economy produces only two goods, and resources are fixed. Technology is assumed to be constant in the short - run for drawing a particular PPC, and resources are limited.

Answer:

C. Economy produces only two goods D. Resources are fixed