1.3 Production Possibilities Curve 📉

🎯 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

• Discussed the answers to last week's "Understanding Graphs" assignment and "Scarcity and Choice" problem set

⚙️ Resources

• 
  

📖 Corresponding Reading

• 
  

💻 Homework

•