Production Possibilities Frontier Summary

Coursework Instructions:

Below are my assignment details I was thinking of relating my PPF assignment to ww2 and America’s need for copper and nickel to combat the war. I provided some links at the very bottom. If that doesn’t work feel free to choose something else. If there are any questions please let me know.
I must Select a relevant microeconomics industry and discuss how it relates to the PPF. Consider why countries engage in international trade and how that country aligns with the PPF concept. Choose a topic that explores one or more factors of production and how they relate to the PPF.
Locate a recent article or event (published within the last year) that highlights your relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or other credible sources to discuss how your topic aligns with microeconomics. Include the following in your discussion:
State the article or event you selected.
Identify the microeconomic concept(s).
Describe your findings.
Analyze the relevance to real-life applications.
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
https://www(dot)nationalww2museum(dot)org/war/articles/united-states-money-in-world-
war-ii
https://www(dot)coinworld(dot)com/voices/gerald-tebben/u_s_coinage_shaped2.html
https://www(dot)princeton(dot)edu/~ota/disk3/1979/7917/791711.PDF

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Production Possibilities Frontiers
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Production Possibilities Frontiers
The article chosen is a publication by the National World War II Museum (2020) illustrating the need for money during the world war. Money boosted the strength and ability of countries by providing an effective means of exchange for goods and services. The demand for currencies was increasing, with the United States being the primary provider to its allies. There was a need to print money in paper notes. Before that, alloys of copper, steel and nickel provided alternative money. The microeconomic concepts evident in this is demand and supply. When the need to purchase more substances for the soldiers increased, the mode of transaction increased equally. Production of money needed unique minerals that were also scarce in the global market. This forced Ameri...

Updated on January 26, 2024

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Production Possibilities Frontier Summary

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