Production Possibility Curve by https://padlet.com/smhasiburrahman/995edzg0fewm41rw en-us 2020-12-10 03:47:35 UTC 2024-10-08 19:44:29 UTC hello@padlet.com Welcome! smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1004904374 Welcome to my padlet. Here I will discuss the summery of different website and videos on production possibility curve and give my opinion about that websites and videos. ]]> 2020-12-10 03:48:50 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1004904374 Website #1 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1005061398 This website mentions different economical aspects of Canada for past few years in 2020. This web site is showing bad signs of productivity growth for Canada over past few years. Then it discusses about the reaction of Wage inflation in Canada and America. Foreign direct investment and Canada’s manufacturing drop are also discussed here. 

               I chose this website because it is an almost complete analysis of Canada’s economy in 2020. I compare how we are going compare to other countries/past years. The main reason why I chose this website because it presents total gist of some main topic of economy which is really a matter of concern. 

]]> 2020-12-10 05:36:06 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1005061398 Website #2 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1005068259 This website mentioned some important topic of an economy and answered to some crucial question. It mainly discusses about scarcity, Trade-Offs, and economic growth. It illustrates what does a production possibilities curve does/means and how it is related to opportunity cost. It also discusses how economic growth is related to production possibilities.

               I chose this website because I found a few critical questions and their possible answer in this website. This website also illustrates how other things are related to production possibility curve. 

]]> 2020-12-10 05:40:46 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1005068259 Website #3 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1005069160 This article discusses about how Covid-19 has affected our economy and what can be the future standing of our economy next year. It mentioned how production has affected this year because of the pandemic. It also discussed how situation of production will change if a vaccine comes next year.

               I chose this website because I has logically analysed what was the effect of COVID-19 and what can be the situation of production in next years. It also compares Canada’s economic situation with USA 
]]> 2020-12-10 05:41:23 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1005069160 Image #1 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009155937 This image represents falls in Canada's production in 2019 compared to 208.]]> 2020-12-11 08:37:29 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009155937 Website #4 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009297225 This web site discusses about The Global Economic Outlook for 2021. It mentions the production possibility of specific and critical sector for Canada like Oil, Gas etc. It also discusses about the effect on GDP because of productions. This article mentions some up growing and declining industries of Canada too.

 I chose this website because it discusses about a very critical sector of earning for Canada. So, the production possibilities of this sector matter a lot to the economy. 

]]> 2020-12-11 10:16:42 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009297225 Video #1 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009363940 This video discuses about the behavior of production possibilities curve in term of employment, opportunity cost and economic growth. This video tells us why we govt act under the curve and how this curve can be shifted to right.

                I chose this web site because it describes the behavior of production possibilities Curves. under different circumstances 

]]> 2020-12-11 11:03:21 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009363940 Video #2 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009402796 In this video, the guest shares his opinion about global economy and Canada’s economics  growth.

               I chose this video because this video mention the global economical effect on Canada’s economy

]]> 2020-12-11 11:32:07 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009402796 Video #3 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009415140 This video describes how things are related in production possibilities curve. For example, we have limited number of resources So we can not use all our resources to produce a good. We need to utilize resources according to priority in need. For this reason, opportunity cost occurs. This video also describes law of increasing opportunity curve.

               I chose this video because it explains how production possibilities curve got affected by different situation.  

]]> 2020-12-11 11:40:37 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009415140 Video #4 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009424603         This video discusses the effect of covid-19 on production and hold on economic growth. It shows the percentage of fall in GDP, Canadian economic Activity etc. 

        I chose this video because it show the current situation of production of our economy. In this video an important message is also give that It will take more time to recover if this situation continues.  

]]> 2020-12-11 11:47:02 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1009424603 Image #2 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1011696193 This image show the import and export trend over last few years.]]> 2020-12-12 00:03:34 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1011696193 Question #1 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1011697412 What did you learn about your topic that surprised you the most?
Ans: we have limited resources. So we need to decide very carefully when and what to produce.
 ]]> 2020-12-12 00:04:55 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1011697412 Question #2 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1011700075 Provide a real-life example of how this topic is relevant or interesting for you.

 We always faces opportunity cost in our real life as we have limited resources. For example, If i need to get good marks, i may need to sacrifice hanging out with friends some times]]> 2020-12-12 00:07:34 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1011700075 Question #3 smhasiburrahman https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1011704623 If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

I will share about the opportunity cost with my family. As we need to make wise decisions to me more financially solvent]]> 2020-12-12 00:11:54 UTC https://padlet.com/smhasiburrahman/995edzg0fewm41rw/wish/1011704623