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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 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 | |
| 4 | 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 | |
| 5 | graph that shows alternative ways to use an aconomy's resources | 2 sets | |
| 6 | graph that shows alternative ways to use an economy's resources | 2 sets | |
| 7 | 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 | |
| 8 | graph shows alternative ways to use economies resources | 2 sets | |
| 9 | 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 | |
| 10 | a graph that shows alternative ways to use an econmy's resources | 1 set | |
| 11 | show alternative ways of using country's resources | 1 set | |
| 12 | 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 | |
| 13 | scientific method that represents or models the central concept underlying that of limited resources | 1 set | |
| 14 | a graph that represents the maximum an economy can produce based on given inputs | 1 set | |
| 15 | 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 | |
| 16 | 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 | |
| 17 | a curve that shows alternative ways to use an economy's resources | 1 set | |
| 18 | (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 | |
| 19 | 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 | |
| 20 | shows the maximum output of two products | 1 set | |
| 21 | 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 | |
| 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 | 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 | |
| 24 | 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 | |
| 25 | 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 | |
| 26 | model shown that shows the maximum combinations of goods and services that can be produced from a fixed amount of resources | 1 set | |
| 27 | 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 | |
| 28 | a graph that shows alternative ways to use an economy's productive resources | 1 set | |
| 29 | for any two objects a firm can produce, the curve will show tradeoffs/costs for making specific combination of two objects | 1 set | |
| 30 | shows alternative ways to use an economy's productive resources | 1 set | |
| 31 | 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 | |
| 32 | an economic model to show the maximum combinations of goods and services that can be produced from a fixed amount of resources | 1 set | |
| 33 | econ model helps see what we have to sacrifice in order to produce more goods of a certain type | 1 set | |
| 34 | 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 | |
| 35 | a graph showing the maximum amount of good per production of other goods | 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 graphical representation of the production choices facing an economy | 1 set | |
| 38 | it illustrates the fundamental problem of scarcity | 1 set | |
| 39 | a curve that shoes the maximum combination of two outputs an economy can produce in a given time period with its available resources and technology | 1 set | |
| 40 | show alternative ways to use an economy's productive resources | 1 set | |