(1/3) The Production Possibilities Frontier – Economic Lowdown
Автор: Federal Reserve Bank of St. Louis
Загружено: 2016-12-01
Просмотров: 175298
This segment uses the fictional economy of Econ Isle to discuss how limited resources result in a scarcity problem for the economy. 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.
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