Foundations of economics 6th by parkin ch03 clicker questions

Click Clickon onthe thebutton buttontotogo gototothe theQuestion problem © 2013 Pearson The Economic Problem CLICKER QUESTIONS © 2013 Pearson Click Clickon onthe thebutton buttontotogo gototothe theQuestion problem Checkpoint 3.1 Checkpoint 3.3 Checkpoint 3.4 Question Question 11 Question Question 55 Question Question 88 Question Question 22 Question Question 66 Question Question 99 Question Question 77 Question Question 10 10 Checkpoint 3.2 Question Question 33 Question Question 44 © 2013 Pearson CHECKPOINT 3.1 Question Points inside the PPF are all _ A unattainable and have fully employed resources B attainable and have fully employed resources C unattainable and have some unemployed resources D attainable and have some unemployed resources E unaffordable and productive resources are misallocated © 2013 Pearson CHECKPOINT 3.1 Question Moving along the production possibilities frontier itself illustrates _ A the existence of a tradeoff between goods produced B unemployment of productive resources C the existence of free lunches D how the efficiency of production changes with tradeoffs E how tradeoffs not occur if the production is efficient © 2013 Pearson CHECKPOINT 3.2 Question Moving along its PPF, a country produces additional desktop computers, and its production of laptop computers decreases by The opportunity cost of desktop computer is _ A B C D E laptop computers desktop computers desktop computer laptop computers 1/2 of a laptop computer © 2013 Pearson CHECKPOINT 3.2 Question A country produces only cans and bottles If the country produces on its PPF and increases its production of cans, the opportunity cost of an additional A can increases B can decreases C can is constant, but the opportunity cost of an additional bottle increases D bottle increases E can or an additional bottle increases © 2013 Pearson CHECKPOINT 3.3 Question If a nation devotes a larger share of its current production to consumption goods, then A its economic growth will slow down B its production possibilities will expand C its production possibilities will shrink D some factors of production will become unemployed E it must producing at the efficient point on its PPF © 2013 Pearson CHECKPOINT 3.3 Question The opportunity cost of economic growth is current consumption, and the benefit of economic growth is future consumption A increased; increased B increased; decreased C no loss of; increased D decreased; increased E decreased; decreased © 2013 Pearson CHECKPOINT 3.3 Question In one hour, Scott can produce 20 pizzas or 40 tacos In one hour, Cindy can produce 30 pizzas or 40 tacos Scott’s opportunity cost of producing taco is A B C D E 1/2 of a pizza pizza pizzas 20 pizzas tacos © 2013 Pearson CHECKPOINT 3.4 Question In one hour, Scott can produce 20 pizzas or 40 tacos In one hour, Cindy can produce 30 pizzas or 40 tacos A Cindy has a comparative advantage in producing tacos B Scott has a comparative advantage in producing tacos C Both Cindy and Scott have a comparative advantage in producing tacos D Neither has a comparative advantage in producing tacos E Scott has a comparative advantage in producing pizzas © 2013 Pearson CHECKPOINT 3.4 Question In one hour John can produce 20 loaves of bread or cakes and Phyllis can produce 30 loaves of bread or 15 cakes John and Phyllis will reap the largest gains from specialization and trade if John produces _ and Phyllis produces A B C D E only loaves; only cakes only cakes; only loaves both loaves and cakes; only loaves only cakes; both loaves and cakes both loaves and cakes; both loaves and cakes © 2013 Pearson CHECKPOINT 3.4 Question 10 If Sue and Mark reap the maximum gains from trade, together they produce A shirts and blouses B shirts and blouses C shirts and blouses D shirts and blouses E shirts and blouses © 2013 Pearson ... existence of a tradeoff between goods produced B unemployment of productive resources C the existence of free lunches D how the efficiency of production changes with tradeoffs E how tradeoffs not... its production of laptop computers decreases by The opportunity cost of desktop computer is _ A B C D E laptop computers desktop computers desktop computer laptop computers 1/2 of a laptop computer... PPF and increases its production of cans, the opportunity cost of an additional A can increases B can decreases C can is constant, but the opportunity cost of an additional bottle increases