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  • WEEK 02 - PPC Tutorial

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    Vishwa Nirmala
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    The document provides instructions for a tutorial on production possibility frontiers (PPF). It asks students to explain what a PPF shows, whether an economy can produce outside the PPF, and what actions governments can take to shift the PPF outward or cause it to shift inward. It also instructs students to draw PPFs, calculate opportunity costs, illustrate economic concepts like scarcity and growth on PPF diagrams, and identify points on sample PPFs with economic interpretations.

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    The document provides instructions for a tutorial on production possibility frontiers (PPF). It asks students to explain what a PPF shows, whether an economy can produce outside the PPF, and what actions governments can take to shift the PPF outward or cause it to shift inward. It also instructs students to draw PPFs, calculate opportunity costs, illustrate economic concepts like scarcity and growth on PPF diagrams, and identify points on sample PPFs with economic interpretations.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    8 views3 pages

    WEEK 02 - PPC Tutorial

    Uploaded by

    Vishwa Nirmala
    The document provides instructions for a tutorial on production possibility frontiers (PPF). It asks students to explain what a PPF shows, whether an economy can produce outside the PPF, and what actions governments can take to shift the PPF outward or cause it to shift inward. It also instructs students to draw PPFs, calculate opportunity costs, illustrate economic concepts like scarcity and growth on PPF diagrams, and identify points on sample PPFs with economic interpretations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    WEEK 02 – Tutorial

    1. Explain what is shown by a production possibility frontier?

    2. Can an economy produce outside the PPF?

    3. Explain what actions a government might take to shift the PPF outwards in the future.

    4. Explain why a PPF might shift inwards.

    5. The table shows the production possibilities for a country producing capital goods and consumer
    goods. Draw the PPF and calculate the opportunity cost.

    6. Illustrate the below mentioned economic situations on a PPC.

    - Scarcity

    - Unemployment

    - Alternative uses

    - Economic growth

    - Economic decline
    7. Draw the PPC.

    Rice Wheat

    0 100

    20 80

    40 60

    60 40

    80 20

    100 0

    9. Identify the points A, B and C and explain the economic situation.


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