Which of the following will not shift a country's PPC to the right?

A reduction in the rate of unemployment

Which of the following would lead to a left shift of a PPC?

An aging population - less people actively employed

In which way does a curved PPC differ from a straight-line PPC?

A concave PPC has increasing opportunity cost

The slope of the PPC shows

The opportunity cost of one good in terms of the other

For a business producing shirts and dresses, the opportunity cost of a dress is

The shirts that could have been produced with the same resources

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1.4 IGCSE Economics PPC

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Questions 9

Answers

1
Which of the following would cause a right shift of a country's PPC?
An increase in consumer demand
A decrease in natural resource prices
A decrease in unemployment
An increase in immigration
2
Which of the following will not shift a country's PPC to the right?
An advance in technology
A reduction in the rate of unemployment
An increase in the capital stock
An increase in the size of the avaliable labour force
3
Chris can bake 8 pies or 4 loaves of bread. What is the opportunity cost of baking an extra pie?
1 loaf of bread
2 loaves of bread
1/2 loaf of bread
2 pies
4
When an economy operates along its PPC it is
Producing all of the goods & services that the govT decides
Allocatively efficient
Statisfying all the economic needs and wants of consumers
Maximising the profits of producers
5
Indonesia was one of the countries most affected by a tsunami (2004). The most likely impact is
A right shift of its PPC
A fall in the rate of unemployment
A movement from inside its PPC to the boundary
A left shift of its PPC
6
Which of the following would lead to a left shift of a PPC?
An aging population - less people actively employed
A slower rate of technological process
A slower growth of spending on new capital equipment
A rise in unemployment
7
In which way does a curved PPC differ from a straight-line PPC?
A concave PPC does not show opportunity cost
A concave PPC has increasing opportunity cost
A concave PPC has a constant opportunity cost
A concave PPC has decreasing opportunity cost
8
The slope of the PPC shows
How consumers are willing to trade one good for another
How factor inputs must be changed to keep them fullyemployed
The opportunity cost of one good in terms of the other
The technically efficient combinations of the two goods
9
For a business producing shirts and dresses, the opportunity cost of a dress is
The shirts that could have been produced with the same resources
The cost of the labour & raw materials used making the dress
The total cost of all the resrouces used to make one dress
The market price that the business can obtain for a dress

1.4 IGCSE Economics PPC Flashcards | StudBud