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Production Possibilities Curve: Definition & Examples Video

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question 1 of 3

What is a production possibilities curve?

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1. How many goods are compared on a production possibilities curve?

2. When production is at its maximum, it is called what?

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About This Quiz & Worksheet

These resources will guide you along in finding out how much you know about the production possibilities curve. Answer questions on topics like what a curve on a graph that shows production possibilities is called and identifying the number of goods that are compared on a production possibilities curve.

Quiz & Worksheet Goals

These study tools will get you to:

  • Recognize what it is called when production is at its maximum
  • Determine what it is that occurs when an economy is producing inside the curve
  • Define a decrease in production of a good in order to produce another

Skills Practiced

Practice the following study skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on production possibilities curve
  • Making connections - use understanding of the concept of when an economy is producing inside the curve and what it is connected to
  • Information recall - access the knowledge you've gained regarding what it is called when production is at its maximum

Additional Learning

This lesson named Production Possibilities Curve: Definition & Examples will cover the following objectives which correspond to production possibilities:

  • Identify terms and their characteristics
  • Analyze examples of production possibilities curve
  • Understand why it is helpful to use
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