- A prodction possibilitie curve would tell me other ways to use an economy's resources. One factor that will cause my production possibilities curve to shift outward is if new techniogoly is invented also if new ways of production comes alone.
- The best way to see if we are makeing a rational economic decision is to see if the marginal cost exceed your marginal benefit.
- They choose to specialize because they want to be the best at what they are doing.They choose to trade because they need new goods and will not be able to run a company without trading unless they make there own goods.
I feel that i understand this but still need more help.
