Unit 1 - Production possibilities curve (PPC)

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<p>A</p>

A

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Description and Tags

part 2

5 Terms

1
<p>A</p>

A

not using all resources

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2
<p>X</p>

X

unattainable with fixed resources and available tech

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3
<p>A โ†’ D</p>

A โ†’ D

actual growth

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4
<p>D โ†’ X</p>

D โ†’ X

potential growth

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5

For potential growth you need

increased tech quality, quality of FOP quantity of FOP

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