economic lowdown:production possibilities frontier segment 1
Quiz
•
Instructional Technology, Life Skills, Business
•
9th - 12th Grade
•
Practice Problem
•
Medium
TAMARA DEVINE-RINEHART
Used 9+ times
FREE Resource
Enhance your content in a minute
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does scarcity exist?
people are greedy
there are not enough resources to produce everyone's wants
there are too many resources available
people have more wants than needs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a PPF graph display?
possible production options for an economy given its available resources
the amounts of real output that buyers desire to purchase at each possible price level
the amounts of real output that businesses will produce at each possible price level
total market value of all goods and services produced in an economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With the current level of resources in Econ Isle, all points above the frontier are__________.
attainable with available resources
possible with current resources
unattainable with available resources
probable with current resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Water, oil, and land are examples of _________
capital resources
natural resources
labor resources
human resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Producing on the frontier means that an economy:
should change its production combination by producing more of one good and less of the other
is at maximum production using all available resources
is not using all of its resources efficiently
is underemployed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
scarcity forces people to choose, and when people choose:
they bear an opportunity cost
they pay higher prices
total economic output increases
the frontier shifts outward
7.
OPEN ENDED QUESTION
3 mins • 1 pt
Give an example of an opportunity cost from your own life. What did you recently purchase, and what did you give up to make that purchase?
Evaluate responses using AI:
OFF
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
20 questions
Chapter 5 -MARKET ECONOMY SYSTEM
Quiz
•
12th Grade
20 questions
Key terms in Business grade 9
Quiz
•
9th Grade
20 questions
Ergonomics and Keyboarding technique
Quiz
•
10th Grade - University
20 questions
Global interdependence
Quiz
•
11th Grade - University
20 questions
WHIHC MARKET STRUCTURE
Quiz
•
12th Grade
20 questions
Business studies class XII Quiz-10
Quiz
•
12th Grade
20 questions
National Business December Revision
Quiz
•
9th Grade
20 questions
Retail Fundamentals Review
Quiz
•
9th - 12th Grade
Popular Resources on Wayground
10 questions
Honoring the Significance of Veterans Day
Interactive video
•
6th - 10th Grade
9 questions
FOREST Community of Caring
Lesson
•
1st - 5th Grade
10 questions
Exploring Veterans Day: Facts and Celebrations for Kids
Interactive video
•
6th - 10th Grade
19 questions
Veterans Day
Quiz
•
5th Grade
14 questions
General Technology Use Quiz
Quiz
•
8th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
15 questions
Circuits, Light Energy, and Forces
Quiz
•
5th Grade
19 questions
Thanksgiving Trivia
Quiz
•
6th Grade
Discover more resources for Instructional Technology
10 questions
Honoring the Significance of Veterans Day
Interactive video
•
6th - 10th Grade
10 questions
Exploring Veterans Day: Facts and Celebrations for Kids
Interactive video
•
6th - 10th Grade
10 questions
Understanding Meiosis
Interactive video
•
6th - 10th Grade
15 questions
Meiosis vs mitosis
Quiz
•
9th Grade
10 questions
Exploring the Origins of Veterans Day
Interactive video
•
6th - 10th Grade
28 questions
Ser vs estar
Quiz
•
9th - 12th Grade
16 questions
Ethos, Pathos, Logos Practice
Quiz
•
9th Grade
15 questions
Two Step Equations
Quiz
•
9th Grade
