Production Possibilities Curve as a model of a country's economy | AP Macroeconomics | Khan Academy

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In this video Sal explains how the production possibilities curve model can be used to illustrate changes in a country's actual and potential level of output. Concepts covered include efficiency, inefficiency, economic growth and contraction and recession.
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AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
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[@samir.ebrahim]

Before the war, utenslandia was a peaceful nation. Our forks and spoons were the stuff of legend. All that changed..the day platelandia attacked...

[@zainrajab648]

I really wanna return to my homecountry Utenslandia

[@dumplinglover8042]

LMAO I WAS THINKING OF HOW WEIRD THE NAME WAS

[@phillipmuripa]

Well explained, I think it's best way to grasp the concepts.

[@mahbubuddin6705]

Oh yeah, cool names, Utenslandia and Platelandia

[@superkonaa7646]

Why not produce sporks?

[@jorostuff]

If they sell more than forks and spoons alone, then it would grow the PPC.

[@hamzafaheem486]

This man solved the scarcity of utencils

[@andrearamirez6702]

Thank you! Another great video!

[@LapissHamster]

SPORKY. THX SAL. LIGHTHEARTED AND USEFUL AS ALWAYS! :D I KNOW THIS IS OLD, BUT SO IS MY HISTORY WITH ECONOMICS. WE GO WAY BACK BUT I'VE LEFT EVERYTHING TO THE DAY BEFORE THE MIDTERM, WHICH IS TODAY SO FINGERS CROSSED!

[@creatorsspace1220]

Thank you it is very helpful 🙂

[@nilofar728]

Really helpful to understand

[@mahbubuddin6705]

Thanks for the help!

[@iezioaudi22]

Brilliant!
Thanks alot!

[@agustinaromeroleuquen4370]

THANK YOU!

[@mhhqp8335]

Thank you

[@musabbahnadeem8125]

Hi I'm here in 2021 preparing for my 2022 caies

[@huldahnmai4249]

Which has of the two items does the country have advantage of

[@bradendredge6809]

Notes

[@bradendredge6809]

Being on that line in everything means you’re making the best use of all of your time, and you know it’s the best use of your time when it is best aligned with your priorities. It doesn’t matter whether you catch rabbits if you don’t like the taste of rabbit meat. It doesn’t matter if you produce spoons if your culture only eats with forks.

[@bradendredge6809]

The increase of land, capital, labor, and technology can be great, and thereby you might make more money in the same amount of time as you did before-especially with the improvement of technology-but if there is no clear use of that money for when you obtain it, then it is for nothing.

[@na2421]

Thank you 💛

[@lewiskongai8016]

Can this country produce at Point A?

[@deeptiyadav6406]

Wow

[@im.d1maaa77]

Team Platelandia here 😭😂

[@salientmedia]

*gets distracted and grabs phone* ....*Utenslandian factories get bombed by Platelandia* WAIT WHAT !?

[@mharis1067]

Hi

[@Shotbyschu]

Can someone give me a summary of what happened in the video?

[@shifaarshad5621]

Platelandia won?😔

[@lasalnacc]

Ukraine ❤

[@Jemz35]

Lol I was just thinking about that Utensilandia is Ukraine.

[@simplejeff]

501th like