This quiz will assess your understanding of concepts like resources, costs and inefficient economies. You'll also need to be able to interpret graphs of the production possibilities model in use.
Use these assessment tools to:
This worksheet and quiz let you practice the following skills:
To learn more about opportunity cost, review the lesson titled Production Possibilities: Definition, Model & Shifts, which covers the following objectives:
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CLEP Social Sciences and History: Study Guide & Test Prep69 chapters | 400 lessons | 60 flashcard sets
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