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M5 Chaps 3-4 Key Terms and Concepts

Authored by Jacob Wokeup

Social Studies

11th Grade

M5 Chaps 3-4 Key Terms and Concepts
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6 questions

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1.

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1 min • 1 pt

Page 17. ____________: the best alternative forgone.

2.

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1 min • 1 pt

Page 21. ____________: a curve that shows the maximum output of two types of products and combination of those products that can be produced with existing resources and technology.

3.

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1 min • 1 pt

Page 20. The USA produces many more ____ __ _____ than Mauritius.

4.

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1 min • 1 pt

Page 20. In ______, the output of the USA was valued $18_______ whereas it was only $25billion n Mauritus. You should not be surprised at this difference.

5.

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1 min • 1 pt

Page 20. The USA has a much larger __________ with much larger _______ force, more capital ______, more __________ and more________ ______.

6.

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1 min • 1 pt

Page 20. The productive potential of an _________, ____, or a country can be shown on a production possibility ________ diagram. Such a diagram can also illustrate opportunity cost and ________.

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