3.1.1.5 PPF NOTES

3.1.1.5 PPF NOTES

Professional Development

15 Qs

quiz-placeholder

Similar activities

Sectors of Indian Economy Part 4

Sectors of Indian Economy Part 4

10th Grade - Professional Development

18 Qs

Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR)

University - Professional Development

20 Qs

Social Studies Review

Social Studies Review

Professional Development

18 Qs

Global waste

Global waste

11th Grade - Professional Development

15 Qs

eco quiz 1

eco quiz 1

Professional Development

10 Qs

Sectors of Indian Economy Part 1

Sectors of Indian Economy Part 1

10th Grade - Professional Development

16 Qs

Global Issues.  Final Partial  2021

Global Issues. Final Partial 2021

Professional Development

20 Qs

20th Century Paradigms (D-F)

20th Century Paradigms (D-F)

University - Professional Development

15 Qs

3.1.1.5 PPF NOTES

3.1.1.5 PPF NOTES

Assessment

Quiz

Social Studies

Professional Development

Medium

Created by

James Hannaford

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a Production Possibility Frontier (PPF) graphically represent?

The maximum output combinations of two goods an economy can produce with given resources and technology

The inflation rate over a period of time

The total demand and supply in an economy

The price elasticity of various goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the downward slope of the PPF curve indicate?

The deflation rate of an economy

The opportunity cost of producing one good in terms of the other

The increase in consumer preference for a product

The decrease in resource availability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do points on the PPF represent?

Inefficient allocation of resources

Efficient allocation of resources where there is no waste

Points of economic recession

Unattainable production levels

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do points inside the PPF indicate?

Economic stability

Optimal production levels

Underutilization of resources

Overutilization of resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can cause the PPF to shift?

A constant level of technology

Improvements in technology or changes in resource availability

A decrease in consumer demand

A reduction in workforce

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does productive efficiency imply?

Producing goods at the highest possible cost

Producing goods at the lowest possible cost using available resources

Focusing solely on technology improvement

Maximizing the import of resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is allocative efficiency?

Producing goods according to the government's directives

Ignoring consumer preferences in production

Focusing on maximum employment

Allocating resources in a way that maximizes societal welfare

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?