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The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
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Math: Get ready courses; Get ready for 3rd grade; Get ready for 4th grade; Get ready for 5th grade; Get ready for 6th grade; Get ready for 7th grade; Get ready for 8th grade
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Practice opportunity cost and the production possibilities curve on Khan Academy.
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In this lesson summary review and remind yourself of the key terms, graphs, and calculations used in analyzing comparative advantage and the gains from trade. Key concepts include how to determine comparative advantage, the terms of trade, and how comparative advantage leads to higher levels of consumption.
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In this exercise, practice using data from a production possibilities curve to calculate opportunity costs.
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The article explains the aggregate demand and aggregate supply (AD/AS) model in AP Macroeconomics.
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Lesson summary: the production possibilities frontier Interpreting graphs of the production possibilities curve (PPC) Calculating opportunity costs from a production possibilities curve (PPC)
Production possibilities curve - Khan Academy
The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
Khan Academy
Furthermore, this avoids the real-life fact that governments will try to eliminate as much inefficiency as they can. Later in the course, you will see that being inside the PPC curve (less than efficient) is a recession, and I'm sure you've heard …