Thread- The Economy Tomorrow Discussion .docx - state The most important areas to the state is education and healthcare The other areas such as Welfare

Thread- The Economy Tomorrow Discussion .docx - state The...

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1. The concept behind the Production of Possibilities Curve is that in order to produce more of one good, you have to sacrifice less production of another. In the excerpt “The Economy Tomorrow,” there is a clear need for a solar-powered future. The burning of oil that causes pollution to the air, damages the land, and harms the marine life can be reduced but, there are a lot of costs that have to be considered. With the development of solar power equipment these things will be reduced but, it would cost trillions of dollars that could be prioritized to further medical developments and education. 2. The Production Possibilities Curve concept is illustrated by showing the priorities in the
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