
PPC Lecture + Reading Recap
Authored by Mohammad Husain
Fun
11th Grade
Used 10+ times

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10 questions
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1.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
PPC provides us the _____________ level of output of two goods which can be produced in an economy with limited resources.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
PPC is a straight line if the resources which an economy uses are ____________
3.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
When drawing a PPC it is assumed that the quantity and quality of resources are __________________
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
It is assumed when making a PPC that only _____ goods are produced in an economy.
5.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
When making the PPC it is assumed that all resources in an economy are _________ employed.
6.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
If PPC is a straight line, it means that the opportunity cost of allocating resources from one good to another is ____________.
7.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
If the curve of the PPC is an outward bowed curve it means, that the opportunity cost of allocating resources from one good to another is ___________
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