(1/3) The Production Possibilities Frontier – Economic Lowdown

Transcript

Have you been to a frontier lately? You know, an outer limit or a border? When you hear the word "frontier," you might think of westward expansion, outer space, or even Alaska. Whether you realize it or not, the economy has a frontier--it has an outer limit of economic production. Today we're going to talk about this outer limit by using a simple e... Read More