A production possibilities curve (PPC) shows that a country can make a combination of two goods with its resources. Answer the following questions: A PPC illustrates the concept of opportunity costs. Choose any two goods. Draw a PPC showing the country producing at a point using all of its resources productively. Label this Point A. Label Point B on your diagram, showing a point where there would be unused resources. Would the country choose to produce at Point B? Explain. Label Point C on your diagram, showing a point where this country does not have enough resources to produce this combination of goods. What would have to happen for this country to be able to produce at Point C?
ive asked this before but can I have another example please
A
A PPC illustrates the concept of
Choose any two goods. Draw a PPC showing the country producing at a point using all of its resources productively. Label this Point A.
Label Point B on your diagram, showing a point where there would be unused resources. Would the country choose to produce at Point B? Explain.
Label Point C on your diagram, showing a point where this country does not have enough resources to produce this combination of goods. What would have to happen for this country to be able to produce at Point C?
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