all of the following are assumptions underlying the production possibilities curve except\na. technology is…

all of the following are assumptions underlying the production possibilities curve except\na. technology is assumed to be continuously improving.\nb. resources are fully employed.\nc. production takes place over a specific time period.\nd. the resource inputs are fixed over the time period.

all of the following are assumptions underlying the production possibilities curve except\na. technology is assumed to be continuously improving.\nb. resources are fully employed.\nc. production takes place over a specific time period.\nd. the resource inputs are fixed over the time period.

Answer

Brief Explanations:

The production - possibilities curve assumes that technology is fixed over the time period considered, resources are fully employed, production occurs over a specific time period, and resource inputs are fixed over that time period. It does not assume continuous technological improvement.

Answer:

A. technology is assumed to be continuously improving.