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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Production Possibilities Frontier at Work

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Q COMPLETE THE FOLLOWING BEFORE CLASS: Select a relevant microeconomics industry and consider 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 discover how your topic aligns with microeconomics. THE FOLLOWING WILL BE COMPLETED IN OUR CLASS SESSION: Consider the following for our in-class discussion: • State the article or event you selected. • Identify the microeconomic concept(s). • Describe your findings. • Analyze the relevance to real-life applications.

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I have selected the event that states “Target joins rival Walmart in covering college costs for workers” to connect it with the microeconomic concept (Gibson, 2021). The production possibility frontier (PPF) for a country states the possible amount of production of two goods using the resources present in the economy. It is usually bowed out in shape due to an increase in the opportunity cost of using one resource. Now it is reported that Target is offering its US-based employees to go to college, after the similar announcement made by Walmart. As we know that Walmart is one of the biggest retailers and labor is one of their main factors of production.