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Micro 1.3-PPF
By Michael Burbine
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Last updated 7 months ago
16 questions
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The following shows the PPF for the Kingdom of Burbonia. Complete #1-10.
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Question 1
1.
Since the PPF is bowed out....
The resources used in clothes production are the same as the resources used in food production.
The resources used in clothes production are not the same as the resources used in food production.
Question 2
2.
If all resources are allocated to clothes, how many units of clothes can be made?
Question 3
3.
If all resources are allocated to food, how many units of food can be made?
Question 4
4.
If all resources are split between clothes and food, how many units of each can be made? Answer as (C, F)
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Question 5
5.
What point(s) show an inefficient use of resources.
A
B
C
D
E
F
Question 6
6.
What point(s) shows an efficient use of resources.
A
B
C
D
E
F
Question 7
7.
What point(s) show feasible production outcomes given current levels of resources.
A
B
C
D
E
F
Question 8
8.
What point(s) show infeasible (not possible) production outcomes given current levels of resources.
A
B
C
D
E
F
Question 9
9.
What point(s) show an overutilization (overuse) of factor resources, such as
A
B
C
D
E
F
Question 10
10.
What point(s) show an underutilization (underuse) of factor resources.
A
B
C
D
E
F
Question 11
11.
Draw a new PPF, with an arrow, to show the effect of
clothes
laborers enrolling in a new training program.
visibility
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Question 12
12.
Draw a new PPF, with an arrow, to show the effect of fruit farms, who supply big supermarkets, being invaded by locusts.
visibility
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Question 13
13.
Draw a new PPF, with an arrow, to show an increase in population.
visibility
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Question 14
14.
Draw a new PPF, with an arrow, to show the effect of a national computer virus.
visibility
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Question 15
15.
Draw the change, with a chevron (arrow on a curve, >>>), to show the effect of consumers wanting more food and less clothes, starting at Point D.
visibility
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Question 16
16.
Draw the change, with an arrow, to show the effect of workers going from being on strike to now working again.
visibility
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