Economics · Economy
Which one of the following most appropriately explains the concept of a Production Possibility Set (PPS) of an economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A graphical depiction showing interaction between demand and supply in an economy
- 2The total volume of goods produced when resources are fully utilised and markets are in equilibrium
- 3All feasible combinations of goods and services that an economy can produce given its available resources and technology✓
- 4The highest attainable level of output of a single commodity using all available resources
Correct answer
All feasible combinations of goods and services that an economy can produce given its available resources and technology
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy MCQs →Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy