Economics 1.3

Open Ended

Why do graphs sometimes show information more clearly than text?

Labeling

Label the correct parts of the graph

Drag labels to their correct position on the image

Impossible unless growth occurs

underutilization/ inefficient

Point of efficient use of resources

Multiple Choice

Which of the following happens to a production possibilities curve when economic growth occurs?

• The curve shifts left.

• The curve shifts right.

• no change

• The curve becomes a straight line.

Multiple Choice

Using resources to maximize production of goods and services is _________?

• factors of production

• efficiency

• possibilities frontier

• all of the above

Multiple Choice

Economists use graphs because they help us see how one value _______ to another value?

• underutilization

• costs

• entrepreneurs

• relates

Multiple Choice

_____________ is using fewer resources than capable of using?

• Efficiency

• Underutilization

• Entrepreneurs

• Opportunity cost

Multiple Choice

If a country's population ages, the supply of labor and human capital would decrease and the curve would shift which direction?

• right

• left

• no change

• straight up