An important distinction to make is the meaning of the placement of a point in relation to the curve. Inside the curve indicates an inefficient economy, for reasons such as unemployment. If a point is on the curve, the economy is running efficiently, with movement toward one axis or the other indicating greater output of one product. A point entirely outside the curve means that it is unattainable, and only attainable in the future. This occurs when events like technological advancement takes place.
Adding on to what the above said, although most of the information that you have supplied on your blog have been concise and comprehensive, this 'quick blurt' is lacking in the explanation of points in, on and outside the curve. Otherwise, your blog is in good condition.
The placement of the pictures did correspond with the order, however it would be more effective to have it below, so it can easy to navigate. Overall, your blog was outstanding, just remember to take your time and provide an explanation.
An important distinction to make is the meaning of the placement of a point in relation to the curve. Inside the curve indicates an inefficient economy, for reasons such as unemployment. If a point is on the curve, the economy is running efficiently, with movement toward one axis or the other indicating greater output of one product. A point entirely outside the curve means that it is unattainable, and only attainable in the future. This occurs when events like technological advancement takes place.
ReplyDeleteAdding on to what the above said, although most of the information that you have supplied on your blog have been concise and comprehensive, this 'quick blurt' is lacking in the explanation of points in, on and outside the curve. Otherwise, your blog is in good condition.
ReplyDeleteThe placement of the pictures did correspond with the order, however it would be more effective to have it below, so it can easy to navigate. Overall, your blog was outstanding, just remember to take your time and provide an explanation.
ReplyDelete