What are the factors of production mentioned in the text?
Production Possibilities- EconMovies #3: Monsters Inc (Reupload)
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Business
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11th Grade - University
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Hard
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Mr. Clifford introduces EconMovies using Monsters Inc. to explain economic concepts like scarcity, factors of production, and the production possibilities curve (PPC). The video discusses consumer and capital goods, the scream shortage in Monstropolis, and how technological advancements can shift the PPC. It concludes with encouragement to understand economic graphs.
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the concept of the production possibilities curve (PPC) as described in the text.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the significance of the scream shortage in Monstropolis?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
How does the introduction of new technology affect the production possibilities curve?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the relationship between laughter and scream energy in terms of productivity.
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