'Constant opportunity costs' presentation slideshows

Citizen Preferences over trade & what governments might do about it

535 views • 46 slides

Production Possibilities and Opportunity Costs

Production Possibilities and Opportunity Costs. What is a Production Possibilities Frontier (PPF)?. A graph that shows the maximum combinations of goods that can be produced when resources and technology are used efficiently. Scarcity & the PPF.

876 views • 30 slides

Chapter 33

512 views • 23 slides

International Economics By Robert J. Carbaugh 9th Edition

International Economics By Robert J. Carbaugh 9th Edition. Chapter 2: Foundations of Modern Trade Theory. Foundations of trade theory. Historical development of trade theory. Mercantilism (1500-1800) Nation building process Advocated government regulation of trade

516 views • 21 slides

International Economics By Robert J. Carbaugh 9th Edition

International Economics By Robert J. Carbaugh 9th Edition. Chapter 2: Foundations of Modern Trade Theory. Foundations of trade theory. Historical development of trade theory. Mercantilism Regulation to ensure a positive trade balance

277 views • 20 slides

Ch 3: Interdependence and Gains from Trade

Ch 3: Interdependence and Gains from Trade. Intro: --Satisfy your wants by: self sufficiency or specialize and trade --You rely on others around the world every day for the things you need and want.

544 views • 13 slides

Comparative Advantage

Comparative Advantage. COMPARATIVE ADVANTAGE. Assumptions: Two Nations Two Different Goods Constant Opportunity Costs Straight Line PPCs Different PPCs Technology Resources Costs. COMPARATIVE ADVANTAGE. Input vs. Output Absolute Advantage Comparative Advantage Specialization

325 views • 5 slides