Tuesday, March 19, 2013

Economics: Day 4

Date
Wednesday & Friday, March 13 & 15


Pages covered
13-15


Questions to answer
Page 16-17, questions 5-8


Topics covered
Efficiency, productive efficiency, PPF, substitution, unemployed resources (workers, factories, land), inefficiency, being inside the PPF, shifting the PPF (due to technological advancement, destruction from war, death of workers from plague, etc.)

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