Module 3

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The Production Possibilities Curve - Graph Quiz

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12th grade

macroeconomics

production possibilities curve

132 veces realizada

Zachary Foust

Estados Unidos

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Module 3Versión en línea The Production Possibilities Curve - Graph Quiz por Zachary Foust 1 Inefficiency on a PPC that exhibits increasing opportunity costs 2 A reduction in the unemployment rate 3 A decrease in the rate of economic growth caused by the loss of resources or restrictions on production methods 4 A trade-off 5 Specialization in Good Y 6 Efficiency on a PPC that exhibits constant opportunity costs 7 An unattainable level of output 8 Efficiency on a PPC that exhibits increasing opportunity costs (no specialization) 9 An increase in the rate of economic growth caused by more resources or new technology 10 A rise in the unemployment rate 11 Inefficiency on a PPC that exhibits constant opportunity costs 12 The invention of a technology that only improves the production of Good X