When the production possibility curve shifts to the right, it is increasing because the resources used to produce certain goods improves. True or false?

The demand for comfy clothes has increased, the factor affecting this is quarantine. It has increased because people are locked in their house so they want to be comfortable. Explain what happens with the equilibrium price and quantity

How much is the opportunity cost moving from point A to B?

Is a point inside the curve efficient or inefficient? Explain why.

In the diagram, where can the equilibrium point can be found?

What type of economic system this picture refers to? Give 2 characteristics of that economic system.

The main economic problem is called……. Which means…………..

What does  price elasticity of demand measure?

Complete the following: If PED is = -∞ it is.. It is perfectly inelastic whe….. If it is = -1 it is ……...

Which factor of production is defined by this definition? ¨Any natural resources available for productions. e.g: eggs.¨

Which are the factors of production?

The demand curve is a graphical representation of the relationship between ….. and the…… for a given period of time. Higher prices lead to a …...of quantity demanded and lower prices lead to an…… of quantity demanded.