Grade 9 Q1 Pre-Assessment

Evaluate the production function schedule below. Which of the following is FALSE?

• Point H is attainable and efficient.

• 1. Point F is inefficient but attainable.

• 1. Point D is efficient and attainable.

All are considered factors of production EXCEPT____________.

• 1. Cash Register

• Utilities (Electricity, Water, etc.)

• 1. Employment Contract

What happens to opportunity cost when we produce more of a certain good?

• 1. Remains Constant

• Decreases

• Increases

Which statement refers to Microeconomics?

• Unemployment rate in the Philippines continues to grow during pandemic.

• SM Bacolod implements a 50%-discount in all of its appliances.

• Dollar rate in the Philippines continues to rise that affected its economy.

Who among the individuals below is considered inefficient?

• 1. Jake sleeps all day and plays mobile games during night time.

• 1. Jay works as a sales agent while being a 3rd year college student.

• JK cleaned the house before going to his spa appointment.

How much is the opportunity cost of moving from Point G to Point Z? 

• 8 Jellybeans

• 30 Chocolates

• 12 Jellybeans

• 50 Chocolates

Which point shall the curve move if there is a decrease in resources?

• Point A

• Point B

• Point C

• Point D

What is the purpose of Production Possibilities Frontier (PPF) curve?

• A graph that illustrates the efficient possible combinations of an output given the available resources.

• 1. A graph that illustrates the possible combination of an output given the future available resources.

• A graph that illustrates the maximum number of outputs given the decreased available resources.

Which point/s in the curve are resources used efficiently?

• Points A & B

• Point B & C

• Point A & D

• Point B & D

What happens to your PPF curve if there is an improvement in technology?

• 1. Shift Inward

• Shift Outward

• Shift within the original curve