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Question : The curve gives the maximum amount of corn produced in the economy for any given amount of cotton and vice-versa. This curve is called the _____.

Option 1: Total revenue curve

Option 2: Indifference curve

Option 3: Production Possibility Frontier

Option 4: Demand curve


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Production Possibility Frontier


Solution : The correct option is the Production Possibility Frontier .

The curve giving the maximum amount of corn that can be produced in the economy for any given amount of cotton and vice-versa is called the Production Possibility Frontier (PPF) or Transformation Curve. It represents the trade-off between producing two goods, illustrating the economy's efficient resource allocation.

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