What is the name of the graph that visually represents a production possibilities schedule?

The Production Possibilities Frontier (PPF) is the correct graph that visually represents a production possibilities schedule. This graph illustrates the maximum attainable combinations of two goods or services that an economy can produce with its available resources and technology at a given time.

The PPF showcases the trade-offs involved in production decisions by displaying the opportunity cost of choosing more of one good over another. Points on the frontier represent efficient production levels, where resources are fully utilized. Points inside the frontier indicate inefficiency, while points outside are unattainable given current resources.

Understanding the PPF is essential because it helps illustrate concepts such as scarcity, choice, and opportunity cost within an economy. It also shows economic growth shifts when there's an increase in resources or improvements in technology, leading to an outward shift of the curve. This visual tool is fundamental in economics for analyzing these trade-offs and the efficiency of resource allocation.