The Production Possibilities Frontier, pt. 1 video-quiz

The Production Possibilities Frontier, pt. 1 video-quiz

12th Grade

30 Qs

quiz-placeholder

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The Production Possibilities Frontier, pt. 1 video-quiz

The Production Possibilities Frontier, pt. 1 video-quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

KEVIN THOLIN

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "frontier" refer to in the context of economics?

The outer limit of economic production

The center of a city

The beginning of a business

The middle of a country

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic model is used to represent the outer limit of production?

Production Possibilities Frontier (PPF)

Supply and Demand Curve

Circular Flow Model

Market Equilibrium Model

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can the PPF be easily shown?

On a graph

In a paragraph

Through a poem

By a song

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two goods produced by Econ Isle?

Widgets and gadgets

Food and clothing

Oil and water

Cars and computers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of resources does Econ Isle use to produce goods?

Capital resources

Only natural resources

Only imported resources

Only labor resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the PPF?

A model showing the maximum possible output combinations of two goods

A list of all possible products

A chart of population growth

A table of government spending

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might the PPF be curved rather than a straight line?

Because resources are not perfectly adaptable to producing both goods

Because the economy is closed

Because there are only two goods

Because it is a simplified model

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