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| 1-1 of 1Production possibilities curve flashcard sets | |||
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| # | Title | Terms | Date |
| 1 | Production Possibilities Curvesby sendatsu | 5 terms | August 20, 2009 |
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| production possibilities curve definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a graph that shows alternative ways to use an economy's resources | 13 sets | |
| 2 | a graph that describes the maximum amount of one good that can be produced for every possible level of production of the other good. | 3 sets | |
| 3 | a curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed | 3 sets | |
| 4 | a graph that describes the maximum amount of one good that can be produced for every possible level of production of the other good | 3 sets | |
| 5 | graph that shows alternative ways to use an aconomy's resources | 2 sets | |
| 6 | graph shows alternative ways to use economies resources | 2 sets | |
| 7 | graph that shows alternative ways to use an economy's resources | 2 sets | |
| 8 | a graph that shows alternative ways to use an economy's productive resources | 2 sets | |
| 9 | graph that describes the maximum amount of one good that can be produced for every possible level of production of the other good | 2 sets | |
| 10 | an economic model to show the maximum combinations of goods and services that can be produced from a fixed amount of resources | 1 set | |
| 11 | graph showing the maximum combinations of goods and services that can be produced from a fixed amount of resources in a given period of time | 1 set | |
| 12 | a graph that shows alternative ways to use an econmy's resources | 1 set | |
| 13 | (demonstrate concepts of scarcity, choice and tradeoffs) curve representing all possible combinations of total output that could be produced assuming (1) fixed amount of productive resources of a given quantity (2) the efficient use of those resources | 1 set | |
| 14 | a curve showing the different combinations of two goods or services that can be produced in a full eimployment, full production economy where the available supplies of resources and technology are fixed; within the curve an economy is not fully utilizing all of its resources | 1 set | |
| 15 | scientific method that represents or models the central concept underlying that of limited resources | 1 set | |
| 16 | the alternative combinations of final goods and services that could be produced in a given time period with all available and limited resourcs and technology. | 1 set | |
| 17 | a curve that shows alternative ways to use an economy's resources | 1 set | |
| 18 | a curve representing all possible combinations of maximum outputs that could be produced assuming a fixed amount of productive resources of a given quality | 1 set | |
| 19 | show alternative ways of using country's resources | 1 set | |
| 20 | a curve that displays the different combinations of goods and services that society can produce in a fully employed economy, assuming a fixed availability or supplies of resources and constant technology | 1 set | |
| 21 | a curve that defines the opportunity set for a firm or an entire economy and gives (outputs) that can be produced from a given level of inputs | 1 set | |
| 22 | a curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed. | 1 set | |
| 23 | identifies the amount of two different goods or services that can be produced with a given amount of resources when those resources are fully employed | 1 set | |
| 24 | curve that shows alternative ways to use an economy's resources | 1 set | |
| 25 | a curve that defines the opportunity set for a firm or an entire economy and gives the possible combination of goods (outputs) that can be produced from a given level of inputs | 1 set | |
| 26 | a graph that shows alternative ways to use the economy's productive resources | 1 set | |
| 27 | shows the maximum output of two products | 1 set | |
| 28 | it is the maximum production possible given existing (fixed) resources and technology. producing on the curve means resources are fully employed, while producing inside the curve means resources are unemployed. the law of increasing opportunity cost is what gives the curve its distinctive convex shape. | 1 set | |
| 29 | shows alternative ways to use an economy's productive resources | 1 set | |
| 30 | a curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resource and technology are fixed | 1 set | |
| 31 | a graph that represents the maximum an economy can produce based on given inputs | 1 set | |
| 32 | model shown that shows the maximum combinations of goods and services that can be produced from a fixed amount of resources | 1 set | |
| 33 | displays the different combinations of goods and services that society can produce in a fully employed economy, assuming a fixed availability of supplies and resources and constant technology | 1 set | |
| 34 | a curve that shows the possible combinations of goods and services available to an economy, given that all productive resources are fully employed and efficiently utilized | 1 set | |
| 35 | show the production possibilities for a country | 1 set | |
| 36 | a graph that show the combinations of output that the economy can possibly produce given the available factors of production and the available production technology | 1 set | |
| 37 | a curve showing the different combinations of two goods or services that can be produced in full-employment, full-production economy where the available supplies of resources and technology are fixed | 1 set | |
| 38 | a graphical representation of the production choices facing an economy | 1 set | |
| 39 | it illustrates the fundamental problem of scarcity | 1 set | |
| 40 | this model is based on the premise of only two products can be produced by this economy | 1 set | |