This week, you are learning about the production possibilities curve as well as the flow of the economy. For this discussion, please answer the following prompt with an original post, at least 600 words in length and include at least one resource. The resource must be properly cited.
Prompt:
Discuss the factors that affect the expansion of the production possibilities curve. Take a look at this curve as shown in your text. What do you notice? What do you believe it would take to expand the possibilities for further production? How might specialization play a role in this expansion? Then, examine the circular diagram in your text. What might you suggest as some changes to the flow of energy (money, resources, and time) so that production possibility would be expanded?
Macroeconomics
by Paul Krugman; Robin Wells
Page 29
https://yuzu.vitalsource.com/books/9781319320164
