UNIT 01 / BASIC ECONOMIC CONCEPTS

Opportunity Cost & the Production Possibilities Curve1.2 test

100 questions with explanations after each answer.

Practice mode

QUESTION 01 / 100Easy

Which of the following best defines the production possibilities curve (PPC)?

Select one answerAA curve illustrating how the money supply affects interest ratesBA curve showing the relationship between the price level and real outputCA model showing how unemployment changes over the business cycleDA graph depicting the relationship between consumer demand and producer supplyEMaximum feasible combinations of two goods with current resources and technology

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1 of 100

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Question 1