PPC & Comparative Advantage
Authored by Karen Bearman
Social Studies
11th - 12th Grade
Used 310+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is opportunity cost?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the production possibilities curve?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The production possibilities curve is an illustration of what?
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The opportunity cost of increasing production from 7 to 9 trucks is
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The diagram shows the production possibilities curve for Country Y. Which of the following statements is true?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If a natural disaster strikes, the production possibilities curve can shift
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Improvements in technology for producing all goods must result in:
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