AP MACROECONOMICS REVIEW GAME Unit 1

Which of the following is true of the concept of increasing opportunity cost?

Which of the following would cause an outward or rightward shift in the PPC?

The law of increasing opportunity cost is reflected in the shape of the

Which of the following problems do all economic systems face?

Which is true if the production possibilities curve is a curved line concave to the origin

In Venus, the opportunity cost of the first unit of

Which of the following goods and services would be considered scarce?

Answer the question in the picture below

How might Point E be attained?

Answer the following question below

The value of the best alternative forgone when a decision is made defines

If the country is currently producing at Point C, it can produce more computers by doing..

To be considered scarce, an economic resource must be which of the following?

Which of the following statements about the production possibilities curve is true?

Answer the question in the picture below

Which of the following points would most likely lead to a rightward shift of the PPC over time?

Which of the following would cause a leftward shift of the production possibilities curve?

The opportunity cost of producing an additional unit of product A is

The trade off of building a new high school is

The basic economic problem is reflected in which of the following concepts?

In Mars, the Opport. cost of obtaining the first 2 units of food is how many units of clothing?

Which of the following statementsis correct based on the concept of comparative advantage?

Answer the question in the picture

When one decision is made, the next best alternative not selected is called

The crucial problem of economics is