Production Possibilities Frontier Worksheet
Intuitive Econ
167 Followers
Grade Levels
9th - 12th, Higher Education, Adult Education, Homeschool
Subjects
Resource Type
Formats Included
- Word Document File
Pages
2 pages
Intuitive Econ
167 Followers
Description
An in-depth economics worksheet designed to help students understand the Production Possibilities Frontier Model.
After completion of this worksheet students will be able to:
Calculate opportunity costs along a PPF curve
Calculate the per-unit opportunity cost of each good
Graph a country's PPF given a number of efficient output combinations
Identify and plot points that would be considered to be efficient, inefficient, and infeasible
Graph the effect of economic growth on a country's PPF
Graph a PPC that illustrates increasing opportunity costs
Calculate increasing opportunity costs
Demonstrate the difference between economic contraction and inefficiency
After completion of this worksheet students will be able to:
Calculate opportunity costs along a PPF curve
Calculate the per-unit opportunity cost of each good
Graph a country's PPF given a number of efficient output combinations
Identify and plot points that would be considered to be efficient, inefficient, and infeasible
Graph the effect of economic growth on a country's PPF
Graph a PPC that illustrates increasing opportunity costs
Calculate increasing opportunity costs
Demonstrate the difference between economic contraction and inefficiency
Total Pages
2 pages
Answer Key
Included
Teaching Duration
30 minutes
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167 Followers
