Please give a reason to explain why a ppc shifts inward.
fewer resources
Oops!
Check
Okay!
Check
10
draw a graph to show a combination of two goods that are unattainable by an economy.
Oops!
Check
Okay!
Check
lifesaver
Give 15 points!
Oops!
rocket
Go to first place!
Okay!
fairy
Take points!
5
10
15
20
25
baam
Lose 15 points!
Oops!
15
what are the four types of resources?
land, labour, capital, entrepreneur
Oops!
Check
Okay!
Check
15
if the opportunity cost is constant, what is the shape of ppc. please draw a graph to show it.
Oops!
Check
Okay!
Check
15
Name at least three features of a command economy.
public ownership of resources
Oops!
Check
Okay!
Check
15
If an economy choose more consumer goods and less capital goods. what does it mean?
more current consumption and less future consumption.
Oops!
Check
Okay!
Check
heart
Other team wins 10 points!
Oops!
seesaw
Swap points!
Okay!
fairy
Take points!
5
10
15
20
25
thief
Give points!
5
10
15
20
25
monster
Reset all scores!
Oops!
gift
Win 10 points!
Okay!
rocket
Go to first place!
Okay!
banana
Go to last place!
Oops!
seesaw
Swap points!
Oops!
star
Double points!
Okay!
rocket
Go to first place!
Okay!
baam
Lose 25 points!
Oops!
15
Name at least three features associated with a market economy.
private resource ownership; buyers and sellers together decide resource allocation; price serves as the signal of resource allocation
Oops!
Check
Okay!
Check
15
how will technology advance change a production possibility curve?
shift it outwards
Oops!
Check
Okay!
Check
15
How to explain a constant opportunity cost?
Oops!
Check
Okay!
Check
15
Which one has CA in paper? Ben can read 1 page of a student paper per minute or type 50 words of lecture notes per minute, and Ann, can read 3 pages of a student paper per minute or type 60 words of lecture notes per minute.
