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B03s_Understanding the PPF - solution.pdf

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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.

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1. Explain that a production possibilities curve (sometimes called a production possibilities frontier) model may be used to show the concepts of scarcity, choice, opportunity cost, and a situation of unemployed resources and inefficiency.

2. Describe, using a PP Curve, the difference between decreasing levels of unemployment, on the one hand, and increases in technology, and/or the quality/quantity of the factors of production, on the other hand.

3. Explain the importance of investment in capital stock (physical capital, human capital and natural capital) for economic growth.

4. Explain the importance of improved productivity for economic growth.

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C03_Comparative Advantage- Output & Input #1.pdf

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C04_Comparative Advantage- Output & Input #2.pdf

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C06_Comparative Advantage - Ukraine and Croatia large.pdf

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C06s_Comparative Advantage - Ukraine and Croatia - solution.pdf

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C07_Comparative Advantage - Canada and Mexico.pdf

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C07s_Comparative Advantage - Canada and Mexico - solution.pdf

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C08s_Comparative Advantage France Poland - solution.pdf

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C09_Comparative Advantage - Two Approaches.pdf

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C09s_Comparative Advantage - Two Approaches solution.pdf

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C10 Comparative Advantage  Cameron -Wilson.pdf

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C10s Comparative Advantage  Cameron -Wilson - solution.pdf

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B02_PPF and Law of Increasing Opp Cost.pdf