Generate Explanations How does a production possibilities frontier show efficient use of a country's resource?
This thing is a graph that is used to see the efficiency and opportunity cost of a country’s investments.
Express Problems Clearly Suppose that a country has the resources to produce 3 million cars and 100 million tons of iron ore every year. Why is it a problem if country produces 2 million cars and 75 million tons of iron ore one year?
Many people will not be able to obtain a car. Since iron can be used in making cars there wont be that many cars to begin with.
Determine Relevance Why is there so much emphasis on education in the modern world?
With Education you are able to go farther in life, and this opens up more opportunities for you down the road. So more countries strive to have a good education system.