d.
5 sweaters and 7 jackets
89. Refer to Figure 3-4. If the production possibilities frontiers shown are each for one year of production, then which of
the following combinations of sweaters and jackets could Lisa and Bryce together not produce in a given year?
a.
1 sweater and 21 jackets
b.
2 sweaters and 20 jackets
c.
3 sweaters and 12 jackets
d.
5 sweaters and 4 jackets
Figure 3-5
Hosne’s Production Possibilities Frontier
90. Refer to Figure 3-5. If Hosne must work 0.5 hour to make each purse, then her production possibilities frontier is
based on how many hours of work?
a.
2 hours
b.
5 hours
c.
20 hours
d.
50 hours
91. Refer to Figure 3-5. If the production possibilities frontier shown for Merve is for 8 hours of work, then how long
does it take Merve to make one purse?
a.
1/2 hour
b.
2 hours
c.
4 hours
d.
8 hours
92. Refer to Figure 3-5. If Hosne and Merve both spend all of their time making wallets, then total production is
a.
7 wallets.
b.
8 wallets.
c.
14 wallets.
d.
28 wallets.
93. Refer to Figure 3-5. If Hosne and Merve each divides her time equally between making purses and making wallets,
then total production is
a.
4 purses and 8 wallets.
b.
7 purses and 7 wallets.
c.
10 purses and 6 wallets.
d.
14 purses and 14 wallets.
Figure 3-6
Maxine’s Production Possibilities Frontier
Daisy’s Production Possibilities Frontier
94. Refer to Figure 3-6. If Daisy must work 2.5 hours to make each pie, then her production possibilities frontier is based
on how many hours of work?
a.
6 hours
b.
7.5 hours
c.
37.5 hours
d.
50 hours
95. Refer to Figure 3-6. If the production possibilities frontier shown for Maxine is for 3 hours of work, then how long
does it take Maxine to make one pie?
a.
1/4 hour
b.
1/3 hour
c.
3 hours
d.
4 hours
96. Refer to Figure 3-6. If Maxine and Daisy each divides her time equally between making pies and making tarts, then
total production is
a.
6 pies and 10 tarts.
b.
7.5 pies and 3 tarts.
c.
7.5 pies and 10 tarts.
d.
13.5 pies and 13 tarts.
97. Refer to Figure 3-6. If the production possibilities frontiers shown are each for one day of work, then which of the
following combinations of pies and tarts could Maxine and Daisy together not make in a given day?
a.
2 pies and 25 tarts
b.
10 pies and 22 tarts
c.
12 pies and 15 tarts
d.
15 pies and 16 tarts
Figure 3-7
Bintu’s Production Possibilities Frontier
Juba’s Production Possibilities Frontier
98. Refer to Figure 3-7. If Bintu must work 2 hours to make each cup, then her production possibilities frontier is based
on how many hours of work?
a.
2 hours
b.
4 hours
c.
8 hours
d.
16 hours
99. Refer to Figure 3-7. If the production possibilities frontier shown for Juba is for 2 hours of work, then how long does
it take Juba to make one bowl?
a.
1/8 hour
b.
1/2 hour
c.
2 hours
d.
8 hours
100. Refer to Figure 3-7. If Bintu and Juba both spend all of their time making bowls, then total production is
a.
2 bowls.
b.
3 bowls.
c.
4 bowls.
d.
6 bowls.
101. Refer to Figure 3-7. If Bintu and Juba each divides her time equally between making bowls and making cups, then
total production is
a.
2 bowls and 6 cups.
b.
3 bowls and 7 cups.
c.
4 bowls and 8 cups.
d.
6 bowls and 14 cups.
102. Refer to Figure 3-7. If the production possibilities frontiers shown are each for 4 hours of work, then which of the
following combinations of bowls and cups could Bintu and Juba together make in a given 4-hour production period?
a.
1 bowl and 14 cups
b.
2 bowls and 11 cups
c.
3 bowls and 10 cups
d.
5 bowls and 5 cups
103. Refer to Figure 3-7. If the production possibilities frontiers shown are each for 4 hours of work, then which of the
following combinations of bowls and cups could Bintu and Juba together not make in a given 4-hour production period?
a.
3 bowls and 9.5 cups
b.
4.5 bowls and 6 cups
c.
5 bowls and 4 cups
d.
6 bowls and 1 cups
Figure 3-8
Chile’s Production Possibilities Frontier
Colombia’s Production Possibilities Frontier
104. Refer to Figure 3-8. If Chile and Colombia each divides its time equally between making coffee and making
soybeans, then total production is
a.
12 pounds of coffee and 12 pounds of soybeans.
b.
14 pounds of coffee and 9 pounds of soybeans.
c.
16 pounds of coffee and 6 pounds of soybeans.
d.
28 pounds of coffee and 18 pounds of soybeans.
105. Refer to Figure 3-8. If the production possibilities frontiers shown are each for one day of production, then which of
the following combinations of coffee and soybeans could Chile and Colombia together make in a given day?
a.
4 pounds of coffee and 16 pounds of soybeans
b.
8 pounds of coffee and 15 pounds of soybeans
c.
16 pounds of coffee and 10 pounds of soybeans
d.
24 pounds of coffee and 4 pounds of soybeans
106. Refer to Figure 3-8. If the production possibilities frontiers shown are each for one day of production, then which of
the following combinations of pounds of coffee and pounds of soybeans could Chile and Colombia together not make in a
given day?
a.
4 pounds of coffee and 17 pounds of soybeans
b.
8 pounds of coffee and 14 pounds of soybeans
c.
16 pounds of coffee and 9 pounds of soybeans
d.
24 pounds of coffee and 3 pounds of soybeans
Figure 3-9
Azerbaijan’s Production Possibilities Frontier
107. Refer to Figure 3-9. If Uzbekistan and Azerbaijan each divides its time equally between making bolts and making
nails, then total production is
a.
15 bolts and 40 nails.
b.
25 bolts and 70 nails.
c.
30 bolts and 80 nails.
d.
50 bolts and 140 nails.
108. Refer to Figure 3-9. If the production possibilities frontiers shown are each for two days of production, then which
of the following combinations of bolts and nails could Uzbekistan and Azerbaijan together make in a given 2-day
production period?
a.
12 bolts and 120 nails
b.
24 bolts and 96 nails
c.
38 bolts and 50 nails
d.
44 bolts and 24 nails
109. Refer to Figure 3-9. If the production possibilities frontiers shown are each for two days of production, then which
of the following combinations of bolts and nails could Uzbekistan and Azerbaijan together not make in a given 2-day
production period?
a.
9 bolts and 122 nails
b.
21 bolts and 98 nails
c.
36 bolts and 56 nails
d.
47 bolts and 18 nails
Figure 3-10
Alice and Betty’s Production Possibilities in one 8-hour day.
Betty’s Production Possibilities Frontier
110. Refer to Figure 3-10. Both Alice and Betty
a.
face a constant trade-off between producing pitchers of lemonade and pizzas.
b.
can produce more pizzas than pitchers of lemonade if they devote all of their time to pizza production.
c.
would benefit from specializing in lemonade production.
d.
would benefit from specializing in pizza production.
111. Refer to Figure 3-10. If Alice produces only lemonade, she can produce
a.
200 pitchers per day.
b.
300 pitchers per day.
c.
400 pitchers per day.
d.
450 pitchers per day.
112. Refer to Figure 3-10. If point A represents Alice’s production and point B represents Betty’s production,
a.
Alice produces 200 pitchers of lemonade and 100 pizzas while Betty produces 180 pitchers of lemonade and
180 pizzas.
b.
Alice produces 180 pitchers of lemonade and 180 pizzas while Betty produces 200 pitchers of lemonade and
100 pizzas.
c.
Alice produces 100 pitchers of lemonade and 200 pizzas while Betty produces 180 pitchers of lemonade and
180 pizzas.
d.
Only Alice can benefit from specialization and trade.
113. Refer to Figure 3-10. If point A represents Alice’s current production and point B represents Betty’s current
production, under what circumstances can both Alice and Betty benefit from specialization and trade?
a.
Alice produces more pizzas and Betty produces more lemonade.
b.
Alice produces more lemonade and Betty produces more pizzas.
c.
Both Alice and Betty produce only pizzas.
d.
There are no circumstances under which both Alice and Betty can benefit from specialization and trade.
Figure 3-11
The graph below represents the various combinations of ham and cheese (in pounds) that the nation of Bonovia could
produce in a given month.
114. Refer to Figure 3-11. If the production possibilities frontier shown is for 240 hours of production, then how long
does it take Bonovia to make one pound of cheese?
a.
3/5 hour
b.
3/4 hour
c.
4/3 hours
d.
5/3 hours
115. Refer to Figure 3-11. If the production possibilities frontier shown is for 240 hours of production, then which of the
following combinations of ham and cheese could Bonovia produce in 240 hours?
a.
225 pounds of ham and 140 pounds of cheese
b.
280 pounds of ham and 100 pounds of cheese
c.
355 pounds of ham and 80 pounds of cheese
d.
330 pounds of ham and 60 pounds of cheese
116. Refer to Figure 3-11. If the production possibilities frontier shown is for 240 hours of production, then which of the
following combinations of ham and cheese could Bonovia not produce in 240 hours?
a.
250 pounds of ham and 120 pounds of cheese
b.
200 pounds of ham and 160 pounds of cheese
c.
160 pounds of ham and 200 pounds of cheese
d.
100 pounds of ham and 240 pounds of cheese
Figure 3-12
Argentina’s Production Possibilities Frontier
Peru’s Production Possibilities Frontier
117. Refer to Figure 3-12. If Argentina and Peru each divides its time equally between producing corn and fish, then total
production is
a.
13 tons of corn and 15 tons of fish.
b.
13 tons of corn and 10 tons of fish.
c.
12 tons of corn and 16 tons of fish.
d.
12 tons of corn and 11 tons of fish
118. A production possibilities frontier (PPF) is characterized by increasing opportunity costs when
a.
the PPF is a straight line
b.
the PPF is bowed inward
c.
the PPF is bowed outward
d.
increasing opportunity costs do not occur with PPF’s