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- 1. Multiple Choice
What is the abbreviation for PPC?
Possibility Production Curve
Production Possibility Curve
Production Possible Choice
Possibility Production Frontier
- 2. Multiple Choice
What does PPC show? Multiple answer.
2 products → we can ONLY produce two product per period
Efficiency → operate with full employment and full production capacity
normative economics
various possible combinations of goods and services
- 3. Multiple Choice
Why do you think the curve shape is that way?
Different types of resources have been utilized for both product
Same types of resources have been utilized for both product
without the resources have been utilized for both product
some of the resources have been utilized for both product
- 4. Multiple Choice
Which one considered a choice?
G
F
A,B,C,D
E
- 5. Multiple Choice
Which coordinate is impossible to be produced?
F
G
E
A
- 6. Multiple Choice
Which coordinate is inefficient to produce both products?Multiple answer
B
F
G
E
- 7. Multiple Choice
Calculate the opportunity cost if choice A to D?
Additional 90 tons of steel
Letgo 90 tons of wheat
Additional 70 tons of steel
Letgo 65 tons of wheat
- 8. Multiple Choice
Calculate the opportunity cost of choice B to A
Let go 55 tons of steel
Let go 15 tons of wheat
Additional 20 tons of wheat
Additional 55 tons of steel
- 9. Multiple Choice
Which scenario contributes towards the shifting of the curve in the picture above?
When a country is struck by a natural disaster, natural resources are either exhausted or reduced due to the incident.
A population increase leads to increasing numbers of buyers and school admission.
Economic decline due to Covid 19
Inflation occurs and the price of goods had increased to support Malaysia's economy
- 10. Multiple Choice
Which of the following does NOT illustrate opportunity cost?
I should buy a book rather than a food
If I buy a computer, I must do without a 35” television
If I spend a lot now means I will spend more in the future
If I study today, I must give up going to the football game
- Answer choicesTagsAnswer choicesTags