Economy: Society’s Production Possibilities Curve (PPC)

Economy: Society’s Production Possibilities Curve(PPC)
Economy: Society’s Production Possibilities Curve(PPC)
Economy: Society’s Production Possibilities Curve(PPC)
Economy: Society’s Production Possibilities Curve(PPC)
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Society’s Production Possibilities Curve(PPC)

Economists use graphs to interpret and explain complex ideas.
Such as when we compare personal choices.
Production Possibilities Curve can also be used for the society.

Production Possibilities Curve can also be used for the society.

Unlimited Wants - Limited Resources
Compare.. Civilian Units and Military Units
Graph: using increasing Opportunity Cost.
A PPC that shows an increasing or decreasing opportunity cost..
Is more representative to how the world actually works.

Q1) What are the 4 different types of Resources?
A1) Natural, Human, Capital,Entrepreneurship
Q2) What do you think the current president would pick to do?
A2) That depends..
Democrate - Republican - Independent

What must happen if the president decides he wants to use point "H"?

There is more then one possible answer.

A1. It is impossible since we are using all available resources.

A2. The government must find more resources.
a. Such as borrow from other countries.
b. Go to war and take other countries resources.
c. Tax its people more in order to pay for more resources.

Discuss: How political parties generally use resources differently.
Discuss: How the government must get resources from other sources in order to achieve political goals

This powerpoint is used for teaching purposes so it has many different pictures and discussion questions. There is a script for teachers with possible answers for questions.
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25
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Economy: Society’s Production Possibilities Curve(PPC)
Economy: Society’s Production Possibilities Curve(PPC)
Economy: Society’s Production Possibilities Curve(PPC)
Economy: Society’s Production Possibilities Curve(PPC)