Module 1 CER Quiz Review

Question 1

How do we measure the most efficient way two or more goods can be produced at the highest possible efficiency?

Accepted Answer

PPC, Production Possibilitiy Frontier, Production Possibility Curve

Question 2

Which of the three different types of economies do we use most in the United States?

Accepted Answer

Mixed Economy

Question 3

Which kind of economy gives a highly talented individual citizen more opportunities to generate personal wealth?

Accepted Answer

Market Economy

Question 4

Which Factor of Production fits best for Amtrak's fleet of passenger trains?

Accepted Answer

Capital

Question 5

How many Reasoning explanations should you write if the CER calls for 1 piece of Evidence to support your Claim?

Accepted Answer

1

Questions 5