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01 Circular Flow practice activity ANSWER KEY.pdf

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Squares and triangles - better for illustrating constant opportunity cost curves

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1. Graph and manipulate the production possibilities curve model.

2. Apply the production possibilities curve model.

3. Explain the ways in which the production possibilities curve illustrates scarcity and opportunity cost.

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Carrots and apples - better for illustrating increasing opportunity cost curves

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This quizlet works for Unit 1 Lesson 3 as well as this unit.

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ESI Unit 1 Lesson 3 - PPC Curves and Comparative Advantage Flashcards | Quizlet

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Start studying ESI Unit 1 Lesson 3 - PPC Curves and Comparative Advantage. Learn vocabulary, terms, and more with flashcards, games, and other study tools.