2. THE ECONOMIC PROBLEM. CHAPTER. Dr. Gomis-Porqueras ECO 680. Production Possibilities and Opportunity Cost. The production possibilities frontier ( PPF ) is the boundary between those combinations of goods and services that can be produced and those that cannot.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
THE ECONOMIC PROBLEM
Trade-offs and Tsunami Relief
More funds for tsunami relief meant less funds for other charities.
How should we allocate these resources?