Pizza B А PPC1 PPC2 Calzones Q. Giovanni's Pizzeria is subject to the production possibilities curve shown above. All of the following statements are true about Giovanni's Pizzeria EXCEPT If Giovanni is producing at point B and decides to produce more calzones, his production possibilities will shift from PPC1 to PPC2. If Giovanni becomes more efficient he will move from point A to point B. The opportunity cost for making calzones is constant. A shift from PPC1 to PPC2 could be explained by a technology advancement in making calzones If Giovanni goes from using all of his resources efficiently to not being efficient he would move from point B to point A.
Q. A country's production possibilities curve will most likely shift outward (to the right) if there is an increase in unemployment. a natural disaster a decrease in unemployment, an increase in the demand for consumer goods. a technological advancement in production.
Palm Leaves Coconuts Robert 8 10 2 5 Frank Q. The table above shows the maximum number of palm leaves or coconuts that Robert and Frank can pick respectively in a single day. Which of the following is true? Robert has a comparative advantage in picking coconuts. Frank has a comparative advantage in picking palm leaves. Robert and Frank can both benefit from trade with each other if 1 coconut is traded for 3 palm leaves. Robert and Frank can both benefit from trade with each other if 1 coconut is traded for 1 palm leaf Robert and Frank can both benefit from trade with each other if 1 coconut is traded for 5 palm leaves.
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