The production possibility curve can be used to explain the underlying concepts of
Answer Details
The production possibility curve shows the different combinations of two goods that can be produced using a fixed amount of resources and technology. By illustrating the trade-offs between producing one good versus another, it helps to explain the concept of opportunity cost, which is the cost of giving up one thing in order to produce something else. It also relates to the concept of choice, as the production possibility curve shows that choices must be made between different options, and the scale of preference, as it shows the different levels of production of two goods that can be produced given the same resources and technology. Therefore, the correct option is "opportunity cost and choice."