1.3 Production Possibilities Curve 📉

Today's class was led by a guest teacher.

Today is Constitution Day 📜

🎯 Learning Targets

• Define (using graphs as approrpriate) the production possibilties curve (PPC) and related terms
• Explain how the PPC illustrates opportunity costs, trade-offs, inefficiency, efficiency, and economic growth or contraction under various conditions

⏰ What We Did

• Completed and turned in the PPC problem set from yesterday

⚙️ Resources

📖 Corresponding Reading

💻 Homework