Demonstrate and explain different shaped pro duction possibilities curves. This product includes a two page worksheet that can be used to reinforce or review the production possibilities curve.
Indicate the curve you choose with two letters 10.
Economics production possibilities curve worksheet answer key. This product is also included in my production possibilities curve doodle notes packet use this worksheet o as a review after teaching a less. This is any point on the production possibilities curve. Answer key is included.
This is enough to give students practice without creating disengagement and works well for a college prep or ap level economics course. Some of the worksheets for this concept are production possibilities curve tradeoffs production possibilities frontier ppf work unit 1 microeconomics lesson 2 unit 1 basic economic concepts ppc 1041 deskbook practice aids unit 1 macroeconomics lesson 1 ppc tax deskbook and planning guides multiple choice on. A total of 12 questions are included.
Suppose there is a major technological breakthrough in only the consumer goods industry and the new technology is widely adopted. Show that it is inefficient. Society s wants are unlimited but all resources are limited scarcity.
Which curve in the diagram would represent the new production possibilities curve. Indicate the curve you choose with two. This activity requires them to apply what they have learned by using the information on the curve to answer a series of questions.
Comparative advantage exercises for each of the following scenarios answer the questions following the chart. Ppc practice answer key displaying top 8 worksheets found for this concept. A production possibilities graph ppg is a model that shows alternative ways that an.
Put students in small groups and distribute copies of the production possibilities curve group activity showing the production possibilities curve for the country of alpha. Analyze the different locations of points on outside and inside a production possibilities curve. Points are on inside outside the production possibilities curve.
Apply the concept of opportunity cost to a pro duction possibilities curve. Preview shows first page of document. A point inside of the production possibilities curve is inefficient because it is possible to produce more of one or both goods without opportunity cost.
The first answered for you. Production possibilities curves for ted and nancy nancy ted 12 wheat wheat part b. Find the combination of 2 000 wmd and 40 000 pounds of food.
5 key economic assumptions. Label this point d. Construct production possibilities curves using hypothetical data.
Anna and barry can grow the following amounts of potatoes and cabbage with a week potatoes per week cabbage per week anna. Students learn how to graph a ppc aka a ppf how opportunity cost is illustrated on the curve an how the curve can shift left or right.