Students will apply the concepts of scarcity, choice, and opportunity costs using a production possibilities curve. Students will interpret points inside and outside the curve. As an extension, students will see the relationship between a country's aggregate production function and its production possibilities curve.
With its, emerging middle class, its new markets, and a new emphasis on increasing its technology base, where is China going to fit in the world economy?
It has been one and a half years since British rule ended in Hong Kong and control of the city was returned to China. Under the Joint Declaration, Hong Kong is guaranteed a high degree of autonomy from China for fifty years as a Special Autonomous Region (SAR) of the People's Republic of China under the principles of "One Country/Two Systems" and "Hong Kong People Governing Hong Kong." In this lesson, you will visit web sites that will help you compare and evaluate the economic and political systems of China and Hong Kong.
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