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AP Macroeconomics›Unit 1: Basic Economic Concepts›Basic Economic Concepts

Scarcity, Opportunity Cost, and the PPC

The production possibilities curve shows tradeoffs and the cost of choosing one good over another.

51 videos · ranked by how well they teach

1
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Scarcity, Opportunity Cost and the PPC

398K views on YouTube · 14 years ago

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Zachary Fruhling (Fruhling Designs / CozyAzeroth)
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Using a production possibility curve to identify scarcity, inefficiency and opportunity cost

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Federal Reserve Bank of St. Louis
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Unit 1: Basic Economic Concepts

  • Scarcity, Opportunity Cost, and the PPC
  • Comparative Advantage and Trade
  • Supply, Demand, and Market Equilibrium

Next topic

Comparative Advantage and Trade

220daysGet the AP Macro score you want.Free diagnostic, then a day-by-day Exam Sprint to exam day.

Best teachers for this topic

1
Jason Welker
  • 2FLT Warwick
  • 3Sunny Economist
  • 4zhang sbin
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    Teacher? Add a lesson or guide for this topic

    Also called: ppc, production possibilities curve, opportunity cost