CH 1: The Economy Tomorrow Discussion “THE ECONOMY TOMORROW” 1. Explain how you see this example in your text entitled “Decisions For Tomorrow” illustrating the concept of the Production Possibilities

CH 1: The Economy Tomorrow Discussion

“THE ECONOMY TOMORROW”

1. Explain how you see this example in your text entitled “Decisions For Tomorrow” illustrating the concept of the Production Possibilities Curve?

2. Go to the following links.  Look at how the State of Florida allocates its resources.

http://www.usgovernmentspending.com/florida_state_spending.html (Links to an external site.)

(Links to an external site.)Comment on how this illustrates the Production Possibilities Curve concept

3.  Provide your OWN PERSONAL example of a production possibilities curve model? what would the constraint of “fixed resource” be?Post your response (a minimum of 50 words). Then post 2 responses to your peers. Do not be the 3rd responder to one comment.