Micro 1.3/Macro 1.2 Production Possibilities Curve

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Күн бұрын

This video covers topic 1.3 of the AP Microeconomics and 1.2 of the AP Macroeconomics Course Exam Description (CED). Here, you will learn all about the Production Possibilities curve model.
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Пікірлер: 17

@Thisisyhere Жыл бұрын

Let’s go! Just finish AP Macro class, and preview AP Micro for next semester 😊

@ReviewEcon Жыл бұрын

😎🤘

@MariaAbdelmonim 10 ай бұрын

OMG THANK YOUUUUUUU SO MUCH YOU ARE THE BESTTT

@ReviewEcon 10 ай бұрын

You're very welcome! Good luck with your exams!

@snks_65 4 ай бұрын

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@ReviewEcon 4 ай бұрын

😂 ooops!

@hjaslhzvc Жыл бұрын

thanks for your videos! same situation here, my school doesn't offer AP macro or micro, and i don't have enough money to take online courses. ur videos are the best!

@ReviewEcon Жыл бұрын

You're very welcome! Good luck with your studies!

@DealADC 8 ай бұрын

I like how you explain by first giving the definition and explain in your own words!

@ReviewEcon 8 ай бұрын

Thank you! Good luck on your exams!

@abstraction6266 5 ай бұрын

First, I would like to thank you for your efforts and the free and absolutely useful content you provide us. Secondly, I wanted to ask if you can help me with this question, it is an official question from AP classroom: A production possibilities curve can shift inward if there is (A) an increase in productivity (B) an increase in unemployment (C) an increase in the price of raw materials (D) a misallocation of resources (E) a natural disaster Arent B , D, E , all correct answer choices!? I memorized the mnemonic "DUN" to memorize that. I am confused how E is the correct answer

@ReviewEcon 5 ай бұрын

I don't know the DUN mnemonic, but unemployment won't shift the curve inwards because the PPC is the maximum possible production with all resources being used. Unemployment means the point of production moves inwards (actual production decreases but possible production doesn't change). But the curve doesn't shift because the unemployed workers COULD produce. They just aren't producing because. Misallocation also doesn't change possible production just actual production. The curved moves from changes in the quality or quantity of resources.