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IB Economics (HL)Introduction to economics

Unit 1 - Production possibilities curve (PPC)

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part 2

Economics

IB Economics (HL)

Introduction to economics

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 → D</p>

A → D

actual growth

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4
<p>D → X</p>

D → 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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