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1.4 Econ Formative
LT 1.4. I can read and interpret a production possibility graph (PPF model).
MUST SCORE 3/4 to pass this quiz. Retake as many times as needed!
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Hour 1
Hour 2
Hour 3
Hour 4
Hour 5
1. If this country is producing at Point D but wants to change production to Point C, what is its opportunity cost?
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1 point
0 bicycles
2,000 bicycles
10,000 pair of shoes
60,000 pair shoes
2. Which point (A-F) would be considered least efficient?
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1 point
A
B
C
D
E
F
3. Which point (A-F) would not be possible to produce?
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1 point
A
B
C
D
E
F
Other:
4. True or False? Production point B is more efficient than production point C.
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1 point
True
False
Self-Assessment: How well do you know the content on this quiz?
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I guessed on every answer
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I knew all of the answers- didn't even have to use my notes!
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