宏观经济学chap02习题.pptx

Macroeconomics, 8e (Parkin) Testbank 1 Chapter 2 The Economic Problem Production Possibilities and Opportunity Cost The production possibilities frontier refers to the technology used in such goods as computers and military aircraft. once applied to U.S. technology but now refers to Japanese technology. marks the boundary between attainable combinations of goods and services and unattainable combinations. is also called the supply curve. Answer: C Topic: Production Possibilities Frontier Skill: Recognition The production possibilities frontier is the boundary between those combinations of goods and services that can be produced and those that can be consumed. those resources that are limited and those that are unlimited. those combinations of goods and services that can be produced and those that cannot. those wants that are limited and those that are unlimited. Answer: C Topic: Production Possibilities Frontier Skill: Recognition* The production possibilities frontier is the boundary between those combination of goods and services that can be produced and those that can be consumed. consumed domestically and those that can be consumed by foreigners. produced and those that cannot be produced. consumed and those that cannot be produced. Answer: C Topic: Production Possibilities Frontier Skill: Conceptual The production possibilities frontier is upward sloping and reflects unlimited choices. upward sloping and reflects tradeoffs in choices. downward sloping and reflects unlimited choices. downward sloping and reflects tradeoffs in choices. Answer: D Topic: Production Possibilities Frontier Skill: Recognition;The production possibilities frontier 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. shows how many goods and services are consumed by each person in a country. is a model that assumes there is no scarcity and no opportunity cost. is