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  • market-economy
OpenStax Principles of Macroeconomics 2e, Choice in a World of Scarcity, The Production Possibilities Frontier and Social Choices
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CC BY
OpenStax Principles of Macroeconomics 2e, Choice in a World of Scarcity, The Production Possibilities Frontier and Social Choices
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By the end of this section, you will be able to:

Interpret production possibilities frontier graphs
Contrast a budget constraint and a production possibilities frontier
Explain the relationship between a production possibilities frontier and the law of diminishing returns
Contrast productive efficiency and allocative efficiency
Define comparative advantage

Subject:
Applied Science
Material Type:
Module
Date Added:
08/21/2018
MoreLess
OpenStax Principles of Macroeconomics 2e, Inflation, The Confusion Over Inflation
Unrestricted Use
CC BY
OpenStax Principles of Macroeconomics 2e, Inflation, The Confusion Over Inflation
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By the end of this section, you will be able to:

Explain how inflation can cause redistributions of purchasing power
Identify ways inflation can blur the perception of supply and demand
Explain the economic benefits and challenges of inflation

Subject:
Applied Science
Material Type:
Module
Date Added:
08/21/2018
MoreLess
OpenStax Principles of Macroeconomics 2e, Unemployment, What Causes Changes in Unemployment over the Long Run
Unrestricted Use
CC BY
OpenStax Principles of Macroeconomics 2e, Unemployment, What Causes Changes in Unemployment over the Long Run
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By the end of this section, you will be able to:

Explain frictional and structural unemployment
Assess relationships between the natural rate of employment and potential real GDP, productivity, and public policy
Identify recent patterns in the natural rate of employment
Propose ways to combat unemployment

Subject:
Applied Science
Material Type:
Module
Date Added:
08/21/2018
MoreLess
OpenStax Principles of Macroeconomics 2e, Welcome to Economics!, How To Organize Economies: An Overview of Economic Systems
Unrestricted Use
CC BY
OpenStax Principles of Macroeconomics 2e, Welcome to Economics!, How To Organize Economies: An Overview of Economic Systems
Rating
0.0 stars

By the end of this section, you will be able to:

Contrast traditional economies, command economies, and market economies
Explain gross domestic product (GDP)
Assess the importance and effects of globalization

Subject:
Applied Science
Material Type:
Module
Date Added:
08/21/2018
MoreLess