Typhoon Morakot

Typhoon Morakot - Typhoon Morakot () Lashes Taiwan In...

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Typhoon Morakot ( 颱颱颱颱颱 ) Lashes Taiwan In August this year, a power typhoon, Morakot, ruined the homeland, farm, factory of Taiwan, and the Taiwan economy. This can be shown with the PPC (Production Possibility Curve). Production Possibility Curve (PPC) are used by economists to show the concepts of scarcity, choice and opportunity cost, among other things. The typhoon Morakot destroyed some of the Taiwan factors of production, and thus decreases the potential
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This note was uploaded on 12/31/2011 for the course ECON 111 taught by Professor Jerryfreek during the Spring '11 term at Ave Maria.

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