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
This is the end of the preview.
access the rest of the document.