Which of the following illustrates the effect of a decrease in an economy's resources
using a production possibilities curve (PPC)?
A. The economy's PPC will shift inward and to the left.
B. The economy's PPC will shift outward and to the right.
C. The economy's PPC will become steeper.
D. The economy's PPC will become flatter.
E. The economy's PPC will remain the same.
Give this one a try later!
The economy's PPC will shift inward. The PPC will shift inward and to the left to
indicate a reduction in capacity as a result of the decrease in resources.
(https://quizlet.com/310840867/ap-economics-flash-cards/)
, Which of the following changes will increase the demand for bicycles?
A. An increase in the price of bicycle helmets, a complementary good
B. An increase in the price of scooters, a substitute good
C. A decrease in the price of bicycles
D. A decrease in consumers' income
E. A decrease in the number of buyers
Give this one a try later!
An increase in the price of scooters, a substitute good. An increase in the
price of scooters (a substitute good) increases the demand for bicycles and
shifts the demand curve to the right. (https://quizlet.com/310840867/ap-
economics-flash-cards/)
Which of the following is true if the production possibilities curve is a curved line
concave to the origin?
A. Resources are perfectly substitutable between the production of the two goods.
B. It is possible to produce more of both products.
C. Both products are equally capable of satisfying consumer wants. D. The prices of the
two products are the same.
E. As more of one good is produced, more and more of the other good must be given
up.
Give this one a try later!
As more of one good is produced, more and more of the other good must be
given up.
using a production possibilities curve (PPC)?
A. The economy's PPC will shift inward and to the left.
B. The economy's PPC will shift outward and to the right.
C. The economy's PPC will become steeper.
D. The economy's PPC will become flatter.
E. The economy's PPC will remain the same.
Give this one a try later!
The economy's PPC will shift inward. The PPC will shift inward and to the left to
indicate a reduction in capacity as a result of the decrease in resources.
(https://quizlet.com/310840867/ap-economics-flash-cards/)
, Which of the following changes will increase the demand for bicycles?
A. An increase in the price of bicycle helmets, a complementary good
B. An increase in the price of scooters, a substitute good
C. A decrease in the price of bicycles
D. A decrease in consumers' income
E. A decrease in the number of buyers
Give this one a try later!
An increase in the price of scooters, a substitute good. An increase in the
price of scooters (a substitute good) increases the demand for bicycles and
shifts the demand curve to the right. (https://quizlet.com/310840867/ap-
economics-flash-cards/)
Which of the following is true if the production possibilities curve is a curved line
concave to the origin?
A. Resources are perfectly substitutable between the production of the two goods.
B. It is possible to produce more of both products.
C. Both products are equally capable of satisfying consumer wants. D. The prices of the
two products are the same.
E. As more of one good is produced, more and more of the other good must be given
up.
Give this one a try later!
As more of one good is produced, more and more of the other good must be
given up.
