What would happen if there is a rise in unemployment?
It would move to another point, inside the same PPC.
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25
This is a table that represents a PPC. What would be the opportunity cost of going from point E to point C?
The opportunity cost would be of two units of good 2.
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15
When the PPC is a straight line the opportunity cost is ________
Constant
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15
A ppc is a curved line because…
the opportunity cost increases
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15
Why is it that there are two possible shapes on a PPC?
because the opportunity cost can be constant or increasing.
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15
What is the opportunity cost of going from point D to point C?
The opportunity cost is 3 good B
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monster
Reset all scores!
Oops!
fairy
Take points!
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25
shark
Other team loses 15 points!
Okay!
banana
Go to last place!
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15
What is the opportunity cost of producing 150 units of clothes?
50 units of food
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baam
Lose 10 points!
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magnet
Take 25 points!
Okay!
shark
Other team loses 20 points!
Okay!
baam
Lose 25 points!
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15
What does a PPC show?
a fixed amount of productive resources of given a quality / efficient use of resources / the state of technology
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10
The points inside the PPC are ……… and the points outside the PPC are …… .
inefficient / unattainable
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15
In this country's production possibility curve, what could allow the economy to move from B to D?
unemployment, inefficient use of resources
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10
All the points which remain inside the line of the ppc are..
inefficient
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monster
Reset all scores!
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seesaw
Swap points!
Okay!
fairy
Take points!
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25
thief
Give points!
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baam
Lose 5 points!
Oops!
rocket
Go to first place!
Okay!
fairy
Take points!
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25
baam
Lose 15 points!
Oops!
25
In a town they produce phones and food. Everyone is equally productive in making phones or making food. What shape does the production possibility curve have in this case?