How would this change impact the production possibilities curve? Watch this clip and consider the impact of the Industrial Revolution on productivity. Video Clip Four: Mechanization and the Assembly Line: PPC Example (0:44).

How would this change in the adult labor force impact the production possibilities curve? Watch this clip and consider the impact of the 1918 influenza pandemic on the US labor force in the early 1900's. Video Clip Three: 1918 Influenza Pandemic: PPC Example (2:58).How would this change in natural resources impact the production possibilities curve? Watch this clip and consider the impact of the purchase of Alaska on U.S. The PPF curve shows the specified production level of one commodity that results given the production level of the other. A production possibility curve is a curve showing possible combina- tions of goods that an economy can produce given a fixed amount of resources, fixed. Video Clip Two: Alaska: PPC Example (1:15).Watch this clip and consider the impact of the Baby Boom generation on the US labor force in the 1970's-1980's. Video Clip One: Baby Boom: PPC Example (0:38).This is a difficult concept made simple using the PPF.Students will view the following video clips on the Production Possibilities Curve Handout (Google Doc) to graph the production possibilities curve based on various examples: The final segment uses the production possibilities frontier to demonstrate how, in the real world, opportunity cost increases as production increases. Segment 3: The PPF Illustrates the Law of Increasing Opportunity Cost Watch Production Possibilities Curve, Part 1 (9:08) to learn about the basics of the production possibility curve (also known as the production possibility. This segment uses the production possibilities frontier to explain key economic ideas such as why an economy might have underemployed resources but later expand, and how changes in productivity can lead to economic growth. Segment 2: The PPF Illustrates Underemployment, Economic Expansion, and Economic Growth Econ Isle’s production possibilities are graphed to show its frontier, and then used to discuss the opportunity costs of its production and consumption decisions. This segment uses the fictional economy of Econ Isle to discuss how limited resources result in a scarcity problem for the economy. An economys factors of production are scarce they cannot produce an unlimited quantity of goods and services. A production possibilities curve represents outcome or production combinations that can be produced with a given amount of resources. Segment 1: The PPF Illustrates Scarcity and Opportunity Cost A production possibilities curve shows the maximum combinations of two goods and services that an economy can produce when resources are fully used and the.

Learn more about the Q&A Resources for Teachers and Students » Watch the segments: The production possibilities frontier (PPF) is a curve that shows the various combinations of output that the economy can possibly produce for two Goods. To provide students with online questions following each video, register your class through the Econ Lowdown Teacher Portal. Point A lies below the curve, denoting underutilized. This tradeoff occurs due to limited resources. In economics, the Production Possibility Curve (PPC) depicts the maximum output combinations of two goods that are produced in the economy when all resources. A diagram showing the production possibilities frontier (PPF) curve for producing Gun and butter. In this episode of theĮconomic Lowdown Video Series, economic education specialist Scott Wolla explains how the production possibilities frontier (PPF) illustrates some very important economic concepts. The slope of a production possibilities curve illustrates the tradeoff between the production of two goods. The production possibilities frontier (the line) shows. Have you been to a frontier lately? Whether you realize it or not, the economy has a frontier-it has an outer limit of economic production. The Production Possibilities Curve illustrates the trade-offs facing an economy producing two goods.

Production possibilities curve