classroom activity: production possibilities quiz
Post on 13-Sep-2014
3.989 views
DESCRIPTION
A slide deck for an in-class activity quiz on the production possibilities curve.TRANSCRIPT
![Page 1: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/1.jpg)
![Page 2: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/2.jpg)
PRODUCTION POSSIBILITIES QUIZ
![Page 3: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/3.jpg)
Point A represents the amounts of cars and bicycles that will be sold.
bicycles
cars
A
PRODUCTION POSSIBILITIES QUIZ
#1 True or False?
![Page 4: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/4.jpg)
As you move from point F to point G the price of bicycles increases.
bicycles
cars
F
G
PRODUCTION POSSIBILITIES QUIZ
#2 True or False?
![Page 5: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/5.jpg)
Movement along the curve from point C to point A shows us the opportunity cost of producing more bicycles.
bicycles
cars
A
C
PRODUCTION POSSIBILITIES QUIZ
#3 True or False?
![Page 6: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/6.jpg)
If we have high unemployment then the curve shifts in.
bicycles
cars
?
PRODUCTION POSSIBILITIES QUIZ
#4 True or False?
![Page 7: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/7.jpg)
If an improved process for manufacturing cars is introduced, then the entire curve will shift out.
bicycles
cars
?
PRODUCTION POSSIBILITIES QUIZ
#5 True or False?
![Page 8: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/8.jpg)
Point A represents the amounts of cars and bicycles that will be sold. ANSWER: False. It represents how many cars and bicycles are produced!
bicycles
cars
A
PRODUCTION POSSIBILITIES QUIZ ANSWERS
#1 True or False?
![Page 9: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/9.jpg)
As you move from point F to point G the price of bicycles increases. ANSWER: False. The number of bicycles produced increases.
bicycles
cars
F
G
#2 True or False?
PRODUCTION POSSIBILITIES QUIZ ANSWERS
![Page 10: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/10.jpg)
Movement along the curve from point C to point A shows us the opportunity cost of producing more bicycles. ANSWER: False. It represents the opportunity cost of producing more cars.
bicycles
cars
A
C
#3 True or False?
PRODUCTION POSSIBILITIES QUIZ ANSWERS
![Page 11: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/11.jpg)
If we have high unemployment then the curve shifts in. ANSWER: False. Unemployment means that not everyone is working so production is inside the PPC. The PPC stays put since it represents the maximum output if all resources are being used to the fullest.
bicycles
cars
?
#4 True or False?
PRODUCTION POSSIBILITIES QUIZ ANSWERS
![Page 12: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/12.jpg)
If an improved process for manufacturing cars is introduced, then the entire curve will shift out. ANSWER: False. The curve only moves out along the car-axis. It is not possible to make more bicycles than before.
bicycles
cars
?
#5 True or False?
PRODUCTION POSSIBILITIES QUIZ ANSWERS
![Page 13: Classroom Activity: Production Possibilities Quiz](https://reader034.vdocuments.us/reader034/viewer/2022051411/54139a238d7f727d698b4678/html5/thumbnails/13.jpg)
dirkmateer.com