ILO:
a) The use of production possibility frontiers to depict:
o the maximum productive potential of an economy
o opportunity cost (through marginal analysis)
o economic growth or decline
o efficient or inefficient allocation of resources
o possible and unobtainable production
b) The distinction between movements along and shifts in production possibility curves, considering the possible causes for such changes
c) The distinction between capital and consumer goods
a) The use of production possibility frontiers to depict:
o the maximum productive potential of an economy
o opportunity cost (through marginal analysis)
o economic growth or decline
o efficient or inefficient allocation of resources
o possible and unobtainable production
b) The distinction between movements along and shifts in production possibility curves, considering the possible causes for such changes
c) The distinction between capital and consumer goods
Production Possibility Frontiers
|
Using the video and a PFF explain the impact on scarcity within Haiti from the natural disaster.
(5 marks)
Why Haiti Can't Feed Itself
|
Using a PPF assess the impact technology could have on production. (10 marks)
The future of work: is your job safe? | The Economist
|
Revision videos PPF
|
Production Possibility Frontier (PPF) I A Level and IB Economics
|
Y1/IB 2) Production Possibility Curves - PPCs / PPFs
|