Title: QUIZ: Production Possibilities Frontier (2/3) Underemployment and Economic Growth -- Economic Lowdown Video Series
Course: Kelly O's Course > Section: Production Possibilities Frontier (2/3) Underemployment and Economic Growth -- Economic Lowdown Video Series

Q: The value of the next-best alternative when a decision is made is also known as _______________.
- scarcity
- underemployment 
- frontier
- opportunity cost
A: opportunity cost

Q: A point within the frontier represents _______________.
- full employment
- underemployment
- overemployment
- no employment 
A: underemployment

Q: If the economy is operating at a point inside the frontier, it is likely _______________.
- fully employed
- experiencing economic growth
- experiencing economic expansion
- in recession
A: in recession

Q: An outward shift in the PPF represents _______________.
- recession
- labor force decline
- economic growth
- economic expansion
A: economic growth

Q: Technological change, such as advances in factory machinery, may lead to _______________.
- decreased productivity
- increased productivity
A: increased productivity

Q: A movement from the frontier inward represents _______________.
- an economy moving from full employment to recession
- economic expansion
- something that cannot occur because there aren't enough resources
- economic growth
A: an economy moving from full employment to recession

Q: A movement from a point inside the frontier to the frontier represents _______________.
- an economy moving from full employment to recession
- economic expansion
- something that cannot occur because there aren't enough resources
- economic growth
A: economic expansion