Subsection 1.4. Production possibility curve (PPC) diagrams for Economics, O Level - revisedeck

1.4. Production possibility curve (PPC) diagrams

A subsection of Economics, 2281, through 1. The basic economic problem

Listing 10 of 43 questions

The diagram shows two production possibility curves for a country. L K O capital goods consumer goods What might cause a shift from point K to point L in the country’s production?

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MCQ

2022

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What does a point on a production possibility curve for an economy represent?

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MCQ

2023

Paper 1, Variant 1

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A country’s production possibility curve (PPC) moves from PPC1 to PPC2. O consumer goods capital goods PPC1 PPC2 What could cause this movement in the PPC?

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MCQ

2023

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How does a production possibility curve show that scarcity exists?

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MCQ

2013

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The diagram shows a production possibility curve for maize and cotton. maize cotton O Q S P R Bad weather causes a poor harvest for both crops. Which movement could be used to represent this change?

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MCQ

2016

Paper 1, Variant 2

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The diagram shows a production possibility curve. The country is using all its resources to produce both manufactured goods and services. manufacturing O services K L M N What movement would represent an improvement of technology in manufacturing?

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MCQ

2017

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The diagram shows two production possibility curves. output of consumer goods output of capital goods X Y Which statement about the movement from point X to point Y is correct?

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MCQ

2019

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The diagram shows a production possibility curve (PPC) for a country. The country moved from position X to position Y on the PPC. O capital goods consumer goods X Y What is the most likely reason for this change?

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MCQ

2020

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The economy of country X is always on its production possibility curve (PPC). When will the goods and services produced by country X become more scarce?

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MCQ

2023

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What economic concept must be at work when there is movement by a country along its production possibility curve?

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MCQ

2016

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Questions Discovered

43