Task Type: Discussion Board 2 Deliverable Length: 400–600 words
Reminder: Initial Discussion Board posts due by Wednesday, responses due by Sunday
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Students will be expected to post their first initial discussion board posting by Wednesday of each week. Discussion posts will be graded and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
Students are expected to post their responses to peers by Sunday. NOTE: All submission posting times are based on midnight Central Time.
Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
The Production Possibilities Frontier curve shows the economic choices a country can make about production given scarce resources, a given technology, and a given quantity of inputs.
Assume you are a developing country, producing food and clothing at maximum capacity.
How does scarcity influence the decisions that need to be made about what to produce, how to produce and for whom to produce in this country?
What are some examples of the types of factors of production you would consider expanding if this country produces food and clothing?
What could happen when foreign investors start investing in your country?
Discuss what type of foreign investments would be best for the economy’s PPF.
What are the opportunity costs of these decisions?
Include what will happen to private and public choices as the economy grows.