Economics Multiple Choice Question – 18 December 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

The production possibilities frontier ……. ?

Select ONE answer:

  1. depicts the boundary between those combinations of goods and services that can be produced and those that cannot given resources and the current state of technology.
  2. shows how many goods and services are consumed by each person in a country.
  3. is a graph with price on the vertical axis and income on the horizontal axis.
  4. is a model that assumes there is no scarcity and no opportunity cost.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 1

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