production possibility curve quiz

full form of ppc

• production possibility curve

• pay per click

• professional photographers of canada

• public private collaboration

ppc compares how many goods

• 1

• 4

• 2

• 3

if a country is operating inside the curve of a ppc what does it represent

• non attainable utilization of resources

• under utilization of resources

• full utilization of resources

• no utilization of resources at all

if a country is operating on the ppc

• full utilization of resources

• under utilization of resources

• non attainable utilization of resources

• no utilization of resources

if a country is operating outside the ppc what does it represent

• full utilization of resources

• non attainable utilization of resources

• under utilization of resources

• no utilization of resources

if a factor of production increases what change happens to the ppc

• ppc stays the same

• ppc shift inwards

• ppc shifts outwards

if a factor of production decreases what change happens to the ppc

• ppc shifts inwards

• ppc shifts outwards

• ppc stays the same

if any factor of production does not change what will happen to the ppc

• ppc will stay the same

• ppc will shift outwards

• ppc will shift inwards

ppc solves what economic problem

• for whom to produce

• what to produce and how much to produce

• how to produce

which of the following can cause change to the ppc

• change in resources

• change in available technology

• change in factors of production

• all of the above