First, find the economic model that you will write about using the following instructions.
If your last name begins with the letters A-M, you will write about the production possibilities frontier.
Then, write a mini-lesson about your model. Your post must include:
The name of your model, what it does, and a brief explanation of the economic ideas that it represents. An explanation of how the model applies to your life. This could be through your family life, schooling, friendships, etc. Be specific when describing how it relates to you. Remember, there are no wrong answers, as long as you are able to explain why you feel it resonates with you.Your opinion of whether the model is an accurate reflection of economic activity in our country. What did the author miss or get wrong with this principle? Or does it explain the economy and life accurately? Explain your answer.