The Figure Given Below Represents the Production Possibilities Curves [PPC]

question 10

Multiple Choice

The figure given below represents the production possibilities curves [PPC] of a country producing wine and cars.Figure 2.1

-Which of the following will result in an outward shift of the production possibilities curve [PPC]?

• A)A decrease in the quantity of resources
• B)An improvement in the quality of resources
• C)A fall in education standards
• D)An unsustainable growth in population
• E)An increase in unemployment rate

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Definitions:

Q3

The third quartile in a data set, representing the midpoint between the median and the highest value of the dataset.

Percentile Points

Values that divide a set of observations into 100 equal parts, often used to interpret scores in tests.

Distribution

The spread of values within a dataset, representing how often each value occurs.

T Scores

Standardized scores with a mean of 50 and a standard deviation of 10, used to compare an individual's result to a norm group.