PPF Quiz to Post

PPF Quiz to Post - Guns Butter B A C D E Given the...

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Unformatted text preview: Guns Butter B A C D E Given the productions possibilities frontier shown here, we can conclude that the opportunity cost of Guns in terms of Butter is greatest at: A B C D E 1. The concept of scarcity is best represented by basket: A B C D E 2. 3. 4. 5. Unemployment of some factors of production is best represented by: The opportunity cost of Butter in terms of Guns is greatest at: The opportunity cost of Guns in terms of Butter is smallest at: A B C D E A B C D E A B C D E Guns Guns Guns Guns Butter Butter Butter Butter 6. The impact of a decrease in the labor force on the production possibilities frontier is best represented as: a) d) b) c) No Change Guns Guns Guns Guns Butter Butter Butter Butter 7. The impact of an increase in the stock of capital on the production possibilities frontier is best represented as: a) d) b) c) No Change Guns Guns Guns Guns Butter Butter Butter Butter 8. The impact of an increase in the production of Guns on the production possibilities frontier is best represented as: a) d) b) c) No Change Guns...
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PPF Quiz to Post - Guns Butter B A C D E Given the...

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