Social Science Revision Quiz

A country producing within its Production Possibility Frontier illustrates

Question Answer Choices equilibrium inefficiency efficiency attainable level of production

One variable, other than price, which could affect the demand for cars is

Question Answer Choices quantity of cars demanded supply the price of cars income

The Production Possibility Curve of a country which produces apples and cherries shrinks (leftward shift in the curve). Which of the following MOST likely accounts for the shift in the curve

Question Answer Choices increasing wages of workers death of trees due to disease technical improvements in the country growing population

The use of land for farming reduces the availability of land for housing. This BEST illustrates the concept of

Question Answer Choices rationing choice shortage scarcity

When resources are limited in an economy, which of the following is MOST likely to occur?

Question Answer Choices people become poorer wealthy individuals purchase everything they desire production in the economy desreases persons have to make choices