Production Possibility Curve

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Name *

Refer to the PPC diagram below and select the statements that are true. You may select more than one option. When a country moves from producing at point A to point B, ____________________________________. *

1 point

the country produces more oranges and fewer computers

the country produces fewer oranges and more computers

the opportunity cost of producing 20 more oranges is 10 computers.

the opportunity cost of producing 20 more oranges is 5 computers

more resources are utilised

Required

When there is a movement from a point within the PPC to a point on the PPC, it means that __________________________________________. *

1 point

the country’s resources are now fully and efficiently employed

there are more resources in the country

there is an improvement in technology

1 point

Singapore's PPC is likely to shift outwards.

Singapore's PPC will remain unchanged.

Singapore's PPC is likely to shift inwards.

1 point

Japan's PPC shifted outwards

Japan's PPC shifted inwards.

Japan's PPC remained unchanged.

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