Production Possibilities Frontier at Work

Question

Description

Select a relevant microeconomics industry and consider how it relates to the PPF. Consider why countries engage in international trade and how that country aligns with the PPF concept. Choose a topic that explores one or more factors of production and how they relate to the PPF.

Locate a recent article or event (published WITHIN THE LAST YEAR) that highlights your relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or other credible sources to discover how your topic aligns with microeconomics.

THE FOLLOWING WILL BE COMPLETED IN OUR CLASS SESSION:

Consider the following for our in-class discussion:

State the article or event you selected.

Identify the microeconomic concept(s).

Describe your findings.

Analyze the relevance to real-life applications.