1.3 Production Possibilities
Authored by Kristen Schaeffer
Social Studies
9th - 12th Grade
Used 470+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the production possibilities curve?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The production possibilities curve is an illustration of what?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a point lies on the curve this means the company is being efficient. If a point lies inside the curve, this tells the company what?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The opportunity cost of increasing production from 7 to 9 trucks is
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The opportunity cost of increasing production from 4 to 7 boats is
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If a natural disaster strikes, the production possibilities curve can shift
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What can cause a production possibilities curve to move to the right?
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