Answered

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What is a graphical representation of the combination of goods and services that can be produced in a situation?

A. Production possibility curve
B. Production supply curve
C. Production opportunity curve

Sagot :

GinnyAnsweridn

Final answer:

A production possibilities curve depicts an economy's production capabilities and scarcity implications.


Explanation:

A production possibilities curve is a graphical representation of the alternative combinations of goods and services an economy can produce. It shows the combinations of two goods an economy is capable of producing, illustrating the production possibilities model. The curve's downward slope is an implication of scarcity, while its bowed-out shape reflects resource allocation based on comparative advantage.


Learn more about production possibilities curve here:

https://brainly.com/question/31815342


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