Unit 1 - Production possibilities curve (PPC)

0.0(0)
studied byStudied by 0 people
0.0(0)
full-widthCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/4

flashcard set

Earn XP

Description and Tags

part 2

Economics

IB Economics (HL)

Introduction to economics

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

5 Terms

1
New cards
<p>A</p>

A

not using all resources

2
New cards
<p>X</p>

X

unattainable with fixed resources and available tech

3
New cards
<p>A → D</p>

A → D

actual growth

4
New cards
<p>D → X</p>

D → X

potential growth

5
New cards

For potential growth you need

increased tech quality, quality of FOP quantity of FOP