The Economic Way of Thinking · Fundamentals of Economics
Production Possibilities
Using models to visualize efficiency, growth, and the limits of production within an economy.
Key Questions
- 1How does a society decide between current consumption and future growth?
- 2What causes an economy to operate below its potential?
- 3Who benefits and who bears the costs of shifting production priorities?
Ontario Curriculum Expectations
ON: Economic Decision Making - Grade 11ON: The Individual and the Economy - Grade 11
Grade: Grade 11
Subject: Economics
Unit: The Economic Way of Thinking
Period: Fundamentals of Economics
Suggested Methodologies
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