Production Possibilities
Develop the production possibilities frontier model.
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Reading Q&A
16-30 min
Choices Are Everywhere: Why Can't We Just Have It All?
OVERVIEW
This reading assignment discusses opportunity costs and scarcity and how they affect our spending decisions. Every day, governments and individuals choose how much money to spend and what to purchase. Print the article.
Related Resources
LESSONS & ACTIVITIES
1 HOUR+
INFOGRAPHICS & COMICS
How Do I Use Economics In My Life?
Explore how economics is a part of students’ everyday lives.
VIDEO Q&A
0-15 MIN
What Questions Can Economics Help Us Answer?
Learn what questions economics can answer.
AUDIO Q&A
0-15 MIN
Opportunity Cost
Introduce choice, scarcity, and opportunity cost.
AUDIO Q&A
0-15 MIN
Factors of Production
Discuss the factors of production.
VIDEO Q&A
0-15 MIN
The Production Possibilities Frontier: Underemployment and Economic Growth
Explain how the production possibilities frontier (PPF) illustrates underemployment and economic growth
