1. Strategy for developing answers
Your goal is to demonstrate your understanding of the material.
You want to focus on thoroughly and completely presenting the information
Make a list of the key things you want to include
Put in Outline format
Add content to each point on your list
When you have a good answer, have someone provide suggestions for improvement.

2. Thoroughly and completely explain the Production Possibilities Model
Thoroughly and completely explain the Production Possibilities Model. Including but not limited to the following:
a. List and explain the assumptions of the model
b. List and explain the related concepts that were included with the discussion of the model
c. Explain how it can be used to describe the current state of the US economy.
d. Draw and correctly label this model.