
PRACTICE TEST #2 - PPC + S&D
Flashcard
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Social Studies
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12th Grade
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Practice Problem
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Hard
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1.
FLASHCARD QUESTION
Front
What point is currently impossible to achieve with the current state of technology? Options: Point G, Point H, Point A, Point E, Point F
Back
Point H
2.
FLASHCARD QUESTION
Front
The opportunity-cost versus gain for moving from point B to D can be best expressed as
Back
5 tanks lost for 7 cars gained
3.
FLASHCARD QUESTION
Front
The opportunity-cost versus gain for moving from point E to D can be best expressed as
Back
2 cars lost for 4 tanks gained
4.
FLASHCARD QUESTION
Front
The economy moves from point A to B, B to C, C to D, D to E, and E to F, the marginal gain (amount gained for each step, i.e. A to B) is
Back
decreasing
5.
FLASHCARD QUESTION
Front
Which point best represents an inefficient use of resources within the economy? Options: Point G, Point F, Point H, All points on the graph represent productive efficiency within the economy, Point A
Back
Point G
6.
FLASHCARD QUESTION
Front
The economy moves from point A to B, B to C, C to D, D to E, and E to F, the marginal opportunity cost (the OC for each step i.e. A to B, B to C, etc) is
Back
increasing
7.
FLASHCARD QUESTION
Front
The economy moves from point D to B, this could best be explained by
Back
a change in preferences for tanks over cars within the economy
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