Production Possibility Frontier

Production Possibility Frontier

10th - 12th Grade

11 Qs

quiz-placeholder

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Production Possibility Frontier

Production Possibility Frontier

Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Medium

Created by

sanga clarke-Smith

Used 91+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term "Production possibility" means

production level that is possible

endless capabilities of a country

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The word , "frontier" means:

limits given

border

line

boundary

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There is a limit to the amount of each good that can be produce or service being offered because of:

people's preference

scarcity

unlimited resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The production possibility frontier is also known as a

curve

boundary

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The PPF is a ----------- that shows the combination of two goods that a country can produce using fixed resources and technology.

line

picture

graph

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The PPF is used a _____ to represent real life decision making or situation.

model

graph

table

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Only Two goods are used on the graph because

the chosen goods will be the options from which decisions will be made

society has enough resources

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