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Production Possibilities Curve [ better known as the “PPC”]. TINSTAAFL. There Is No Such thing As A Free Lunch. Everything has a cost. This cost [opportunity cost] is one of the most important concepts of the PPC. Chick Fil A. 4 Surprising Uses for Hydrogen Peroxide. Hydrogen Peroxide has many uses. It's a great cleaner, it's a good beauty product, and it also helps... 3. PRODUCTION POSSIBILITIES Production Possibilities Frontier A curve that shows the maximum goods and services (full production or full employment) our economy can produce if it utilizes all available resources and technology fully and efficiently in a given time period.5. _____Most people desire work that has the possibility of _____, or promotion to a higher rank. a) advancement . b) achievement . c) improvement . d) development. 6. _____What word refers to an activity that serves as someone's regular source of livelihood? a) Advancement . b) Occupation . c) Avocation . d) Internship. 7. Unit 1: The price of oil: Worksheet and article From tutor2u's GCSE blog comes this post about S&D and the price of oil. Read the article and do the worksheet; it's as good for AS as it is for GCSE!
Trade-Offs and Opportunity Costs overview by PhDs from Stanford, Harvard, Berkeley. In-depth review of Trade-Offs and Opportunity Costs meaning with chart and explanations
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Economics is the study of production, distribution and consumption of goods and services whether in a city, country or a single business. Questions about supply and demand and economic theory are ...