Production Possibilities Curve as a model of a country's economy
In this video, Sal explains how the production possibilities curve model can be used to illustrate changes in a country's actual and potential level of output. Concepts covered include …
Khan Academy | Khan Academy
Explore opportunity cost and the production possibilities curve in this lesson summary on economic concepts from Khan Academy.
The production possibilities curve model - Khan Academy
In this article, you’ll get a quick review of the production possibilities curve (PPC) model, including: 1. what it’s used to illustrate 2. key elements of the model 3. some examples of questions that …
Lesson summary: Opportunity cost and the PPC - Khan Academy
The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate …
Economic growth (article) | Khan Academy
Economic growth in the production possibilities curve (PPC) model The production possibilities curve illustrates the maximum combination of output of two goods that an economy can …
Production possibilities curve (PPC), sometimes called the …
The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the …
Lesson summary: the production possibilities frontier
The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate …
Opportunity cost & the production possibilities curve (PPC) (article ...
The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate …
Opportunity cost and the PPC (practice) | Khan Academy
Practice what you've learned about opportunity cost and the PPC model in this exercise. Topics include how to interpret the PPC, how the PPC shows opportunity costs, and how to represent …
PPCs for increasing, decreasing and constant opportunity cost
Here, our production possibility curve, or our PPC, it looks like a straight line. Here, it looks like it's bowed out from the origin, it looks like it's popping out in that direction.