1aEasy1 mark
An economy moves from a point inside its PPC to a point on the same curve. What does this most likely show?
Production Possibility Curve (PPC) Diagrams Assessment
8 questions · 12 parts · 21 marks
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2aMedium1 mark
A PPC economy produces 40 units of food or 20 units of machinery at two extreme points. If the curve is a straight line, the opportunity cost of 1 unit of machinery is ____ units of food.
Answer
2bHard3 marks
Create a clear annotated answer on the canvas. Use a diagram, graph, flowchart, equation layout and/or concise labels to show your reasoning.
A country invests in worker training and adopts more productive farming technology. Explain how this could affect its PPC and distinguish this from simply moving along the curve.
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3aEasy1 mark
What does a PPC show?
3bEasy1 mark
What does a point on a PPC represent?
4aEasy1 mark
What does a point inside a PPC represent?
5aEasy1 mark
What does a point beyond a PPC represent?
5bEasy1 mark
What causes an outward PPC shift?
6aMedium1 mark
Use the lesson knowledge to answer precisely: What does a PPC show?
6bMedium1 mark
Use the lesson knowledge to answer precisely: What does a point on a PPC represent?
7aHard5 marks
Independent transfer — Production Possibility Curve (PPC) Diagrams. Change one meaningful feature of this lesson case, then solve and check the revised problem: Explain the mechanism, relationship, decision, or calculation in this lesson-specific case from “What a PPC shows”: A production possibility curve shows the maximum possible combinations of two goods or services that can be produced when all available resources are fully and efficiently used, given current technology. One axis names one output and the other axis names a different output. The curve represents a limit: it is not a demand curve and it does not show price. container Definition info A curve showing the maximum combinations of two products an economy can… Your variation must still address “Define, draw and interpret a production possibility curve (PPC).”.
Your new case, method, check, and conclusion
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8aHard4 marks
Representation practice — Production Possibility Curve (PPC) Diagrams. Create a labelled diagram, graph, table, model, flowchart, equation layout, or annotated explanation that makes the reasoning in this case visible: Explain the mechanism, relationship, decision, or calculation in this lesson-specific case from “The simplifying assumptions behind a PPC”: A PPC holds certain conditions constant so that one trade-off can be studied. It assumes a fixed quantity and quality of land, labour, capital and enterprise, a given level of technology, and only two categories of output. It also shows what is possible if resources are fully and efficiently used. These assumptions make the model useful, but real economies continually change. table What the basic PPC holds constant header-row Assumption Why it matters Two…
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