Day: December 25, 2018

On the vertical axis, the production possibilities frontier shows ________ ; on the horizontal axis, the production possibilities frontier shows ________ ?

Select ONE answer:

1. the quantity of a good; a weighted average of resources used to produce the good.
2. the quantity of a good; the number of workers employed to produce the good.
3. the quantity of a good; the price of the good.
4. the quantity of one good; the quantity of another good.

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 4

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