Video: Society’s Production Possibilities Curve
Now that you understand the choices made by a single individual, we’ll take a look at the production possibilities for a society.
To help you practice graphing, the data table used in the video is shown below.
Military | Civilian | |
A) | 5,000 | 0 |
B) | 4,800 | 1,000 |
C) | 4,500 | 2,000 |
D) | 4,000 | 3,000 |
E) | 3,300 | 4,000 |
F) | 2,000 | 5,000 |
G) | 0 | 6,000 |