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WorksheetsEconomics PPC
Total questions: 10
Worksheet time: 6mins
What does PPC stand for?
Production Possibility Curve
Possibility Production Curve
Pay-Per Click
What is the oppurtunity cost of point B to D?
150 Clothes
50 Food
100 Food
100 Clothes
What is the opportunity cost from point B to C?
25 Clothes
75 Food
25 Food
100 Clothes
Why is the PPC shifted to the right?
Increase in Quality or Quantity in Land, Labour, Capital and Enterprise.
Decrease in Quality or Quantity in Land, Labour, Capital and Enterprise.
Why is the PPC shifted to the left?
Increase in Land, Labour, Capital and Enterprise.
Decrease in Land, Labour, Capital and Enterprise.
What does point F show?
Suffcient resources to produce any type of goods.
Resources are used efficiently
Resources are used inefficiently
Unemployement of Resources
Scarcity
What does point E show?
No Resources
Resources used effciently
Unemployement of Resources
Economic Problem
What is this diagram called?
Triangular PPC
Straight Line PPC
Sloping down PPC
This diagram is realistic.
True
False
What is the basic meaning of PPC?
It is a curve that shows all of the different combinations of output that can be produced given current resources and technology.
It is 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.
It is a curve that shows the maximum output of products which is produced by combining the factors of production.
All the given options are correct
