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Production Possibility Frontier
Authored by Travis Hill
Social Studies
9th - 12th Grade
Used 44+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
True or False: Everything that is scarce requires a choice, and these choices always involve a tradeoff.
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A country is responsible for producing guns for military defense and school lunches for students who can't afford it ("butter"). The opportunity cost of producing more guns is..
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The table above shows the production possibilities for a country. Based on the table, which of the following production combinations is a possibility?
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Based on the table, if the country is currently producing at point B and decides to produce at point C, the opportunity cost for the additional pair of shoes is ____ pizzas.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the production possibilities curve?
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is opportunity cost?
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
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