What does the production possibilities frontier illustrate?

Exploring Absolute and Comparative Advantage in Economics

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Social Studies
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9th - 12th Grade
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Hard

Mia Campbell
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximum output possibilities for two goods
The minimum input required for production
The profit maximization techniques
The cost-cutting strategies in production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has the absolute advantage in producing cars?
Country A
Country B
Both countries
Neither country
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many cars can Country A produce with its resources?
Six cars
Five cars
Four cars
Three cars
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many trucks can Country B produce with its resources?
Nine trucks
Three trucks
Ten trucks
Four trucks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the ratio of giving up cars for trucks in Country A?
1:2
1:1
2:1
1:3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which country is the opportunity cost of producing one more car higher?
Country B
Country A
Both have the same cost
Data not provided
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has a comparative advantage in producing cars?
Country A
Country B
Neither country
Both countries
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