Answer the next question based on this
production-possibilities frontier which is a type of a
This production-possibilities frontier is
not a straight line but has a rounded shape
there is no unemployment or underemployment on it.
people cannot satisfy all their
resources are limited.
some resources are better in producing
spinach than asparagus, and vise versa.
we must sacrifice some asparagus
production to get more spinach.
Economists illustrate the idea of
tradeoffs, that people can get more of one good thing
only by sacrificing something else, with a: