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HORIZONTAL ADDITION: In graphical analysis, the technique of combining two curves by adding the value of the variable on the horizontal or X axis for a given value of the variable on the vertical or Y axis. This is commonly done when deriving a market demand curve from a set of individual demand curves. The quantity demanded by every individual is added at a given price to identify the total market demand at that price.

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Lesson 4: Production Possibilities | Unit 5: Investment Page: 21 of 24

Topic: Bundle Choices: E <=PAGE BACK | PAGE NEXT=>

Now with bundle E (410 jogging shoes and 4 calibrators).
  • Producing 4 calibrators has added to the economy's quantity of capital.
  • The cost of these 4 calibrators is 40 pairs of shoes.
  • Expanding the quantity of our capital has increased resources and shift the production possibilities curve.
  • Tomorrow's production possibilities curve is farther out than today's curve. There is growth and a shift in the curve.

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UNEMPLOYMENT

The general condition in which resources are willing and able to produce goods and services but are not engaged in productive activities. While unemployment is most commonly thought of in terms of labor, any of the other factors of production (capital, land, and entrepreneurship) can be unemployed. The analysis of unemployment, especially labor unemployment, goes hand-in-hand with the study of macroeconomics that emerged from the Great Depression of the 1930s. The most common measure of unemployment is the unemployment rate of labor. Unemployment is one of two primary macroeconomic problems. The other is inflation.

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APLS

BLACK DISMALAPOD
[What's This?]

Today, you are likely to spend a great deal of time wandering around the shopping mall hoping to buy either an extra large beach blanket or a large flower pot shaped like a Greek urn. Be on the lookout for small children selling products door-to-door.
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This isn't me! What am I?

Mark Twain said "I wonder how much it would take to buy soap buble if there was only one in the world."
"In war, there is no second prize for the runner-up."

-- Omar Bradley, US Army general

TIFFE
Tokyo International Financial Futures Exchange (Japan)
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