AP Micro 1.3-PPF-Video Choice

PICK ONE VIDEO. Watch the video and answer the questions.
BOTH VIDEOS ARE NOT NEEDED!!!!

Bonus: Do both for an incremental bonus that can add up in your homework grade....but again, NOT required!

1

The 4 factors of production related to the PPF are capital, human capital, machines and land.

1

If the quantity of resources increases, then the PPF will shift_______ .

1

To be operating at the PPF, an economy has to be productively efficient.

1

The addition of the new _______ created an uneven shift in the PPF. Since this resource only increased production of _______ and not computers.

1

Draggable item		Corresponding Item
More resources		PPF shift out
Less resources		PPF shift in

1

Translate Ceteris Paribus.

1

How many production combinations are demonstrated on the table?

1

What is the opportunity cost, in sugars, to move from combination A to combination B?

1

Per Unit Opportunity Cost evaluates

1

The 4 factors of production related to the PPF are capital, human capital, machines and land.

To be operating at the PPF, an economy has to be productively efficient.

Translate Ceteris Paribus.

How many production combinations are demonstrated on the table?

What is the opportunity cost, in sugars, to move from combination A to combination B?

Per Unit Opportunity Cost evaluates

What is the per unit opportunity cost of moving from D to C?