An increase in the quantity of resources available:
A) shifts the PPF leftward
B) shifts the PPF rightward
C) moves the economy to a new point up along a given PPF
D) moves the economy to a new point down along a given PPF

B) shifts the PPF rightward
Explanation:
"If the quantity of resources increases or technology improves, then the PPF will shift to the right." ~ SlidePlayer

A decrease in the quantity of resources:
A) shifts the PPF leftward
B) shifts the PPF rightward
C) moves the economy up a given PPF
D) moves the economy down a given PPF

A) shifts the PPF leftward

Which of the following is an illustration of the law of increasing opportunity costs?
A) As more cars are produced, the opp. cost of each additional car is greater than for the preceding unit.
B) As more cars are produced, the opp. cost of each additional car is less than for the preceding unit.
C) As more cars are produced, the opp. cost of each additional car is the same for the preceding unit.
D) People pay lower prices for cars the higher the cost of producing cars.

A) As more cars are produced, the opportunity cost of each additional car is greater than for the preceding unit.
Explanation:
Law of Increasing Opportunity Costs: "As more of a good is produced, the opportunity costs of producing that good increase." ~ R. A. Arnold, ( (c)2016, 2014). Microeconomics, 12th Ed.

The PPF between goods X and Y will be a downward-sloping:
A) straight line if increasing opportunity costs exist.
B) straight line if decreasing opportunity costs exist.
C) curve that is bowed outward if increasing opportunity costs exist.
D) curve that is bowed outwards if constant opportunity costs exist.

C) Curve that is bowed outward if increasing opportunity costs exist.

A PPF is more likely to be a downward-sloping curve that is bowed outward than a downward-sloping straight line because most resources are:
A) better suited for the production of some goods than others.
B) used efficiently.
C) relatively cheap at low levels of output.
D) used to produce consumption goods.

A) Better suited for the production of some goods than others.

Economic growth causes the PPF to:
A) shift leftward
B) shift rightward.
C) remain constant.
D) go from straight line to a curve.

B) shift rightward.

An economy is 'Productive Efficient' if it produces:
A) more than enough food to feed everyone.
B) more goods and enough services in each successive year.
C) maximum output with given resources and technology.
D) enough output so that no one lives in poverty.

C) maximum output with given resources and technology.
Explanation:
" 'Productive Efficient': The condition in which the maximum output is produced with the given resources and technology." "In other words, we are getting the most output from what we have of available resources." ~Microeconomics, Roger A. Arnold