ECON 2506 Final: Micro Notes 4

Although a production possibilities frontier (PPF) is usually drawn for a country, one could be drawn for the world. Picture the world's PPF. Is the world position at a point on the PPF or below it?

Although a production possibilities frontier (PPF) is usually drawn for a country, one could be drawn for the world. Picture the world's PPF. Is the world position at a point on the PPF or below it?

Although a production possibilities frontier is usually drawn for a country, one could be drawn for the world.  Picture the world's production possibilities frontier.  Is the world positioned at a point on the PPF or below it? Give a reason for your answer.