Unit 4 Principles of Economics Factors of Production are important because they determine which type of economic system a nation will have. they limit the GDP a country can produce. O they determine the amount of wealth and power an individual or nation will have. O they decide the number of entrepreneurs in a country.Unit 4 Principles of Economics 10 Trucks [thousands per ) Read the PPC. What is the opportunity cost of producing 7 boats? 123456 7 8 9 1011 Boats (thousands per year) 3 trucks O 7 trucks O 3 boats O 7 boats.Unit 4 Principles of Economics POSSI 400 Crab Puff 400 350 300 250 Production 200 Possibilities Curve 150 (PPC) 100 6 7 8 9 10 11 Storage Sheds If the business devotes (uses) all of its resources to producing (making) crab puffs, how many storage sheds can it make? 0 500 0 450 0 11 21Unit 4 Principles of Economics 500 450 Crab Puffs 400 350 300 250 Production 200 Possibilities Curve 150 (PPC) 100 50 01 2 : 5 6 7 8 9 10 11 Storage Sheds What is the opportunity cost of producing 9 storage sheds? 450 crab puffs O 350 crab puffs O 250 crab puffs O 200 crab puffsUnit 4 Principles of Economics 500 Crab Puffs 400 300 250 Production Possibilities 200 Curve 150 (PPC) 100 50 6 7 8 9 10 11 Storage Sheds What is the opportunity cost of producing 275 crab puffs? 8 storage sheds O 6 storage sheds O 4 storage sheds 2 storage sheds