The Economic Way of Thinking · Economic Foundations

Production Possibilities

Using the Production Possibilities Curve to visualize efficiency, growth, and underutilization of resources.

Key Questions

  1. 1Who benefits and who bears the costs of shifting production?
  2. 2What factors allow a society to expand its potential output?
  3. 3How does specialization change the curve for a nation?

Common Core State Standards

C3: D2.Eco.1.9-12
Grade: 12th Grade
Subject: Economics
Unit: The Economic Way of Thinking
Period: Economic Foundations

Suggested Methodologies

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