Production Possibilities and Opportunity Cost
This topic identifies the problem of choices that need to be made. That a choice means that an alternative course of action has to be forgone or sacrificed. Sometimes this is referred to as the 'Guns and Butter' argument.
Shifting the PPF
This looks at events that can cause the ppf to shift. This focuses on micro so don't confuse these concepts with macro as there are subtle differences. The song is in fact 'Whip it' by Devo, released in 1980. The head gear is pretty accurate though.