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Suppose India and France have the same PPF , shown in the figure above. Based on their current production points, which is France's most likely

Suppose India and France have the samePPF, shown in the figure above. Based on their current production points, which is France's most likely futurePPF?

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Question 11 0.5 pts Pizzas (millions per year) A B W Tacos (millions per year) The figure above shows a nation's production possibilities frontier. In the figure, point A shows O an unattainable point. O the maximum quantity of pizza that can be produced. O an attainable point with unemployed resources. O the minimum quantity of pizza that the society must produce. O More information is needed to determine which of the above answers is correct.Question 12 0.5 pts Airplanes Cruise ship: Passibilifz (number) (number) A It!) 0 B 30 20 C 50 40 D 0 60 The table above gives four production possibilities for airplanes and cruise ships. In possibility A, how many resources are devoted to the production of cruise ships? 0 few 0 most 0 all 0 0 0 It is impossible to tell without more information about the prices of airplanes and cruise ships. Question 13 0.5 pts Suppose that in a PPF graph, wheat is on the vertical axis and jets are on the horizontal axis. Moving down along the PPF, the O amount of wheat increases and the opportunity cost of wheat increases. O number of jets increases and the opportunity cost of jets increases. O opportunity cost of jets and wheat both increase. O amount of wheat increases and opportunity cost of wheat decreases. number of jets increases and the opportunity cost of jets decreases.Question 14 0.5 pts Envelopes (per hour) 200 160 ..... 120 .... ......... 40 80 160 200 Packets (per hour) Deb and Pete have volunteered to help their favorite charity mail out fundraiser information. The figure above shows their production possibilities frontiers for assembling packets and stuffing envelopes. What is Deb's opportunity cost of assembling 1 packet? 4 envelopes 1/4 of an envelope O 4 packets 160 envelopes O 40 envelopesQuestion 15 0.5 pts Which of the following would most likely cause a country's production possibilities set to shift outward at every point along the frontier? O a general technological advance that affects all sectors of the economy 0 a decrease in idle capital 0 a decrease in unemployment O a technological advance in only one sector of the economy 0 none of the above Question 16 0.5 pts Which of the following is the best definition of economic growth? O the investment in capital and consumption goods by an economy O the opportunity cost of capital O the sustained expansion of production possibilities O increased development of land and entrepreneurship O the opportunity cost of consumptionQuestion 17 0.5 pts Consider the United States' production of soy beans and running shoes. If the United States has an absolute advantage in the production of both goods compared to China, 0 only the United States will be able to operate beyond its PPF. 0 only China can gain from trade. 0 both countries can gain from trade. 0 each country will be able to produce at a point beyond its PPF. 0 only the United States can gain from trade. Question 18 0.5 pts Computers (per year) 250 200 150 A . ...... 100 50 C 0 25 50 75 100 125 150 Tablets (per year) The figure above illustrates a small country's production possibilities frontier. Based on the figure, we can tell that the nation's resources are O equally productive in all tasks because the production possibilities frontier is bowed out. O not equally productive in all tasks because the slope is negative. O equally productive in all tasks because the slope is negative. O not equally productive in all tasks because the production possibilities frontier is bowed out. O unlimited because the slope is negative and the PPF is bowed out.Question 19 0.5 pts The opportunity cost of one more slice of pizza in terms of sodas is the 0 price of a pizza slice minus the price of a soda. 0 number of pizza slices we have to give up in order to get one extra soda. 0 total number of pizza slices that we have divided by the total number of sodas that we have. 0 total number of sodas that we have divided by the total number of pizza slices that we have. 0 number of sodas we have to give up in order to get one extra pizza slice. 0.5 pts Question 20 Capital goods (hundreds of thousands per year) 15 12 India 6 France . PPFO PPF PPF2 12 15 Consumption goods (millions per year) Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, which is France's most likely future PPF? O PPF1 O PPF2 O either PPFo or PPF1 O PPFO O None of the above because economic growth will not happen in India

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