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Practice: Production Possibilities Frontier
Authored by Joshua Mcconnell
Social Studies
12th Grade
Used 16+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What do points along the production possibilities frontier represent?
Attainable but Inefficient
Attainable
Attainable and Efficient
Unattainable
2.
MULTIPLE SELECT QUESTION
1 min • 1 pt
To achieve unattainable production combinations, what must happen (give two possible answers)?
Changes in profit
Changes in resources
Changes in capital goods
Changes in technology
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Explain why Point D is efficient while Point H (located inside the graph) is not.
Point D represents unattainable combinations, given the resources and the technology available. While Point H does not employ resources fully.
Point H represents unattainable combinations, given the resources and the technology available. While Point D does not employ resources fully.
Point H represents the amount of coconuts produced if all the economy’s resources are used to efficiently to produce coconuts. While Point D does not employ resources fully.
Point D represents the amount of coconuts produced if all the economy’s resources are used to efficiently to produce coconuts. While Point H does not employ resources fully.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Calculate the per-unit opportunity cost of an increase in the production of Apple Watches, or the production of iPhones, in each of the following cases:
Calculate the per-unit opportunity cost from Point A to Point B?
0 Apple Watches
10 Apple Watches
5 iPhones
105 iPhones
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Calculate the per-unit opportunity cost of an increase in the production of Apple Watches, or the production of iPhones, in each of the following cases:
Calculate the per-unit opportunity cost from Point F to Point E?
55 iPhones
25 iPhones
40 Apple Watches
10 Apple Watches
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Calculate the per-unit opportunity cost of an increase in the production of Apple Watches, or the production of iPhones, in each of the following cases:
Calculate the per-unit opportunity cost from Point C to Point D?
55 iPhones
15 iPhones
10 Apple Watches
30 Apple Watches
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Calculate the per-unit opportunity cost of an increase in the production of Apple Watches, or the production of iPhones, in each of the following cases:
Calculate the per-unit opportunity cost from Point G to Point B?
0 iPhones
100 iPhones
10 Apple Watches
50 Apple Watches
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