The rate of tradeoff between the two items being produced is constant; however, the amount of each good being produced affects the rate of tradeoff.
The tendency for people to pick various jobs that are more in accordance with their interests, abilities, chances, and education is the most visible economic impact of specialisation.
As a result, every point on the PPC shows that resources are being used effectively and completely to provide commodities and services for the economy. In light of this, when a nation uses the PPC, its potential output is realised in terms of actual output.
To learn more on rate of trade off
https://brainly.com/question/13314579
#SPJ4
