Chapter1.3 Notes(bare)

advertisement
Chapter 1.3: Production
Possibilities Curve
Production Possibilities Curve
– How many watermelons can Capeland produce if they are making
9 million pairs of shoes?
– What will the opportunity cost be if Capeland increases shoe
production to 12 million?
Chapter 1, Section 3
Copyright © Pearson Education, Inc.
Slide 2
Law of Increasing Costs
Chapter 1, Section 3
Copyright © Pearson Education, Inc.
Slide 3
Technology and Education
• Technology can
increase a nation’s
efficiency.
• Many governments
spend money
investing in new
technology,
education, and
training for the
workforce.
Chapter 1, Section 3
Copyright © Pearson Education, Inc.
Slide 4
Review
• Now that you have learned about how a
nation decides what and how to produce,
go back and answer the Chapter Essential
Question.
– How can we make the best economic
choices?
Chapter 1, Section 3
Copyright © Pearson Education, Inc.
Slide 5
Download
Related flashcards

Credit

13 cards

Banking

21 cards

Banking

30 cards

Finance

16 cards

Banks of Germany

43 cards

Create Flashcards