Mind map
PPC (Ch 2)
Map content
PPC (Ch 2)
shows max. combo of two goods that can be produced w/ available resources and current tech.
- concave: bowed out shape with specialization
- shifts in the PPC: increase in economy's resource base; advancement in tech.; improvement in the rules governing the economy; giving up current leisure and working harder; giving up current consumption and investing more
- concave: bowed out shape with specialization
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- Description
- PPC curve in chapter two describing its meaning, shifting, and if it becomes bowed out
- Created by
- Olivia t
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