Unit 1 Jan 10
Jan 10
P RODUCTION P OSSIBILITIES C URVES. P RODUCTION P OSSIBILITIES Production Possibilities Curve- (graph) shows alternative ways to use an economys productive.
1 Production Possibilities. 2 While in school, you allot yourself a certain period of time to study. A. Given a 70 hour week ( 7 days, 10 hours a day),
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High School Economics, Final Review
1 Production Possibilities, Opportunity Cost and Economic Growth ©2006 South-Western College Publishing.
American Government Micro-Economics. 2 What is the economic problem? Providing for people’s wants and needs in a world of scarcity * Return to previous.
Final Review!. What is the study of economics? How to meet unlimited wants with scarce resources How to meet unlimited wants with scarce resources Economists.
Unit 1: Trade Theory Heckscher-Ohlin Model 2/3/2012.
1 Production Possibilities, Opportunity Cost and Economic Growth Economics for Today by Irvin Tucker, 6 th edition ©2009 South-Western College Publishing.
Unit 1: Trade Theory
