Google should be a big help in catching up with your class.
http://www.investopedia.com/terms/c/consumer-goods.asp
http://www.investopedia.com/terms/c/capitalgoods.asp
Production Possibilities Curve (PPC) Worksheet
All PPC’s Reflect Increasing Opportunity Costs
For Numbers 1-10, think the change affects all markets. On all graphs, place “Consumer Goods” on the X Axis and place “Capital Goods” on the Y.
1) Hurricane Katrina does significant damage to New Orleans.
2) New technology makes production more efficient.
3) The plague kills many.
4) Studies show less people are going to college.
5) Studies show more people are finishing high school and less people are dropping out.
6) A once thriving city becomes abandoned.
7) Yuma becomes discovered and the population grows by millions.
8) Y2K happens and all technology crashes.
9) The United States increases the number of countries it trades its goods with.
10) John Deere starts producing better tractors.
I don't want the answers. I just need someone to explain what consumer and capital foods are. I just switched to this class today and have no idea what's going on. help please!
1 answer