The Economic Way of Thinking · Economic Foundations
Production Possibilities
Using the Production Possibilities Curve to visualize opportunity cost and economic growth.
Key Questions
- 1Who benefits and who bears the costs of shifting production?
- 2How does investment in capital goods impact future consumption?
- 3What factors cause an economy to operate below its potential?
Ontario Curriculum Expectations
ON: Economic Decision Making - Grade 12ON: The Nature of Economy - Grade 12
Grade: Grade 12
Subject: Economics
Unit: The Economic Way of Thinking
Period: Economic Foundations
Suggested Methodologies
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