Title
(3) The PPF Illustrates Specialization, Unemployment & Growth
Topic Category
Production Possibilities Frontier
Publication Date
2010
Keywords
Production Possibilities Frontier, PPF, Specialization, Unemployment, Growth
Abstract
This shows how a PPF can be used to illustrate the concepts of specialization based on resource endowment, unemployment of inputs, and economic growth over time.
Recommended Citation
Crane, Steven E., "(3) The PPF Illustrates Specialization, Unemployment & Growth" (2010). Principles of Microeconomics. Paper 4.
http://epublications.marquette.edu/microecon_learning/4
Run Time
9:02
Primary Discipline
Microeconomics
Skills Delivered
Ability to compare resource endowments and specialization options for countries. Ability to discuss unemployment and growth.
Rigor Level
2000
Prerequisites
Previous PPF Videos
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