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15
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The PPC is a graph that shows the maximum level of _______ that can be reached with a given amount of productive _______ and ________.
output resources technology
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15
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What is the opportunity cost of going from F to I?
BC
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15
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At point D, the economy is inefficient. So can we increase both goods and services without any opportunity cost? True or false?
True
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15
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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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15
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What happens if there is innovation in an economy?
This causes a shift in the PPC because improved production processes helps to boost efficiency.
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thief
Give points!
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25
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magnet
Take 25 points!
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rocket
Go to first place!
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thief
Give points!
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25
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seesaw
Swap points!
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star
Double points!
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gift
Win 25 points!
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lifesaver
Give 10 points!
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10
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All the points which remain inside the line of the ppc are..
inefficient
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25
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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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seesaw
Swap points!
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fairy
Take points!
5
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15
20
25
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gift
Win 25 points!
Okay!
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thief
Give points!
5
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25
15
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A ppc is a curved line becauseâĶ
the opportunity cost increases
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10
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The points inside the PPC are âĶâĶâĶ and the points outside the PPC are âĶâĶ .
inefficient / unattainable
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15
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What is the opportunity cost of producing 150 units of clothes?
50 units of food
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10
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When a point is located outside the PPC this point is called _______
Unattainable
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15
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What is the opportunity cost of going from point D to point C?
The opportunity cost is 3 good B
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15
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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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