4A PPC | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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What is the opportunity cost of going from point D to point C?

The opportunity cost is 3 good B

What would happen if there is a rise in unemployment?

It would move to another point, inside the same PPC.

When a point is located outside the PPC this point is called _______

Unattainable

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.

Why is it that there are two possible shapes on a PPC?

because the opportunity cost can be constant or increasing.

The points inside the PPC are ……… and the points outside the PPC are …… .

inefficient / unattainable

All the points which remain inside the line of the ppc are..

inefficient

At point D, the economy is inefficient. So can we increase both goods and services without any opportunity cost? True or false?

True

A ppc is a curved line because…

the opportunity cost increases

What is the opportunity cost of producing 150 units of clothes?

50 units of food

When the PPC is a straight line the opportunity cost is ________

Constant

What is the opportunity cost of going from F to I?

BC

Which point in this PPC is unattainable because of scarce resources?

F

In this country's production possibility curve, what could allow the economy to move from B to D?

unemployment, inefficient use of resources

A country produces wheat and computers. One year there is a bad harvest, ¿How will this be shown?

Shift that only affects wheat production.

What does a PPC show?

a fixed amount of productive resources of given a quality / efficient use of resources / the state of technology

What happens if there is innovation in an economy?

This causes a shift in the PPC because improved production processes helps to boost efficiency.

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

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?

linear