
Production Possibilities and Economic Concepts
Interactive Video
•
Economics, Business
•
6th - 10th Grade
•
Medium

Amelia Wright
Used 16+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main theme discussed in the introduction of the video?
The role of government in economics
The history of Monsters, Inc.
Scarcity and choices in production
The importance of marketing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT considered a factor of production?
Capital
Money
Labor
Land
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the production possibilities curve illustrate?
The trade-offs between two different goods
The maximum output of a single good
The demand for consumer goods
The cost of production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary difference between consumer goods and capital goods?
Consumer goods are only used by businesses
Capital goods are used for entertainment
Consumer goods are more expensive than capital goods
Consumer goods are for direct consumption, while capital goods are for indirect consumption
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main cause of the screen shortage in Monstropolis?
A decrease in the number of children
Children becoming less scared
An increase in screen energy demand
A lack of capital goods
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a decrease in productivity affect the production possibilities curve?
It has no effect on the curve
It makes the curve steeper
It shifts the curve inward
It shifts the curve outward
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could potentially shift the production possibilities curve outward?
Technological advancements
An increase in consumer goods
A decrease in resources
A reduction in labor
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