Example: air traffic controller
Search results with tag "Pro duction possibilities"
Lesson 1 Production Possibilities and Opportunity Cost
www.uttyler.eduProduction Possibilities and Opportunity Cost LESSON DESCRIPTION This lesson introduces students to produc-tion possibilities analysis, the production possibilities frontier (PPF) and to the concept of opportunity cost. Students participate in several short production simulations and create their own PPF curves. INTRODUCTION
UNIT 1 Macroeconomics LESSON 1 - Denton ISD
www.dentonisd.orgdevelop a production possibilities curve. The pro-duction possibilities curve represents the choices that society faces. Opportunity cost is a fundamen-tal concept in economics and includes not only ... Scarcity, Opportunity Cost, Production Possibilities and Comparative Advantage.