PPC/PPF

PPC/PPF

9th - 12th Grade

15 Qs

quiz-placeholder

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PPC/PPF

PPC/PPF

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Medium

Created by

Michael Johnson

Used 464+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the production possibilities curve?

a graph that shows how much an economy can produce between 2 goods
how much money something is
the opportunity one has to give up in order to gain something else
land, labor, capital, entrepreneurs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The opportunity cost of increasing production from 7 to 9 trucks is

Scarcity
2 boats
2 trucks
3 boats

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following would consumers MOST OFTEN need to consider when trying to make a rational economic decision? 

The impact of government subsidies
Potential opportunity costs
Factors of Productions
Net Exports

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The opportunity cost of increasing production from 4 to 7 boats is

1 boat
2 boats
2 trucks
3 trucks

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a natural disaster strikes, the production possibilities curve can shift

No shift
To the left
To the right
Outward on one axis only

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a mass immigration occurs, the production possibilities curve can shift

No shift
To the left
To the right
Outward on one axis only

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What can cause a production possibilities curve to move to the right?

thousands of people move out of the country
an epidemic kills thousands of young men and women
a new invention lowers the cost of production
the population is growing increasingly old

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