Education

10th

grade

Image

Production Possibility Frontier

201
plays

20 questions

Show Answers
See Preview
  • 1. Multiple Choice
    2 minutes
    1 pt
    True or False: Everything that is scarce requires a choice, and these choices always involve a tradeoff.
    True
    False
  • 2. Multiple Choice
    3 minutes
    1 pt
    If the production of good X increases by 3 units and production of good Y decreases by one unit, then the opportunity cost of one unit of X is ____ unit(s) of Y.
    3
    1
    1/3
    4
  • 3. Multiple Choice
    3 minutes
    1 pt
    Image

    The table shows the production possibilities for a country. Based on the table, which of the following production combinations is a possibility?

    28 pizzas and 5 pairs of shoes

    3 pairs of shoes and 23 pizzas

    2 pairs of shoes and 20 pizzas

    4 pairs of shoes and 15 pizzas

  • Answer choices
    Tags
    Answer choices
    Tags

    Explore all questions with a free account

    Already have an account?