These changes in productive capacity can be depicted using an economic model known as the production possibilities curve. Students will view videos from the C-SPAN library that will demonstrate ...

Production Possibility Frontier (PPF ... There are four common assumptions in the model: The economy is assumed to have only two goods that represent the market. The supply of resources is ...

The guns-and-butter curve is the classic economic example of the production possibility curve, which demonstrates the idea of opportunity cost. In a theoretical economy with only two goods ...