Production Possibility Frontier
Quiz
•
Business
•
10th - 12th Grade
•
Medium
sanga clarke-Smith
Used 91+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term "Production possibility" means
production level that is possible
endless capabilities of a country
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The word , "frontier" means:
limits given
border
line
boundary
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is a limit to the amount of each good that can be produce or service being offered because of:
people's preference
scarcity
unlimited resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The production possibility frontier is also known as a
curve
boundary
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The PPF is a ----------- that shows the combination of two goods that a country can produce using fixed resources and technology.
line
picture
graph
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The PPF is used a _____ to represent real life decision making or situation.
model
graph
table
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Only Two goods are used on the graph because
the chosen goods will be the options from which decisions will be made
society has enough resources
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