
Production Possibility Curve (902)

Quiz
•
Business
•
3rd - 5th Grade
•
Hard
Eugene Joseph
Used 28+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If a point lies on the curve this means the company/country/individual is being efficient. If a point lies inside the curve, what does that tell?
They are being over efficient
They are being inefficient
It is not impossible with the given resources
They are still efficient, just at another point
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What does point B represent?
Production at greater than the country's minimum potential
Production is less than the country's minimum potential
Production is greater than the country's maximum potential
Production at the country's maximum potential
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which letter represents the O.C. of moving from A to G?
H
I
M
K
L
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which letter represents the O.C. of moving from C to E?
H
I
J
K
L
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How does a production possibility curve show that scarcity exists?
It shows that a rise in demand for one of the products increases its price.
It shows that as more resources are used to produce a product, its price rises.
It shows that at any point outside the production possibility curve an economy is wasting
resources.
It shows that there is a limit to the quantity of products that can be produced with existing resources and technology.
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An economy produces different types of goods using its limited resources. This can be illustrated by a production possibility curve.
What does point X on the production possibility curve show?
All resources are used for the production of consumer goods.
More resources are allocated to producing capital goods than consumer goods.
Resources are allocated to produce a mixture of consumer and capital goods.
Total resources are not being fully utilised for production of these goods.
Create a free account and access millions of resources
Similar Resources on Wayground
20 questions
TSM-BINTER-Ch.8 FDI Kls Selasa 7.30

Quiz
•
5th - 6th Grade
15 questions
Sistema de Costeo por Ordenes de Producción

Quiz
•
5th Grade
10 questions
Products and Services

Quiz
•
3rd Grade
20 questions
International Trade

Quiz
•
KG - 12th Grade
11 questions
Nat 5 BM - Understanding Business

Quiz
•
3rd Grade
13 questions
Y9 fun quiz #2

Quiz
•
3rd - 4th Grade
14 questions
Economics Basics Quiz

Quiz
•
3rd - 11th Grade
18 questions
S3 Types of Business

Quiz
•
3rd Grade
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
10 questions
UPDATED FOREST Kindness 9-22

Lesson
•
9th - 12th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
20 questions
US Constitution Quiz

Quiz
•
11th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
Discover more resources for Business
25 questions
Multiplication Facts

Quiz
•
5th Grade
20 questions
Finding Volume of Rectangular Prisms

Quiz
•
5th Grade
20 questions
Place Value

Quiz
•
4th Grade
20 questions
States of Matter

Quiz
•
5th Grade
20 questions
Run-On Sentences and Sentence Fragments

Quiz
•
3rd - 6th Grade
20 questions
4 Types of Sentences

Quiz
•
3rd - 5th Grade
10 questions
Place Value

Quiz
•
3rd Grade
20 questions
place value

Quiz
•
4th Grade