Содержание
- 2. We will learn… Production Possibilities Specialization and Trade Absolute Advantage Comparative Advantage Quiz ☺
- 3. Every day, you rely on many people, most of whom you have never met, to provide
- 4. Production Possibilities Rancher and farmer
- 5. Production Possibilities
- 6. We may recall that the production possibilities frontier in Chapter 2 was drawn bowed out. In
- 7. If farmer and rancher choose to be self-sufficient rather than trade with each other, then each
- 8. These production possibilities frontiers are useful in showing the trade-offs that farmer and rancher face, but
- 9. Specialization and Trade
- 10. Specialization and Trade
- 11. Absolute Advantage The principle of absolute advantage was introduced to economics by Adam Smith. Absolute advantage
- 12. Absolute Advantage
- 13. Comparative Advantage The principle of comparative advantage was introduced to economics by David Ricardo. Comparative Advantage
- 14. Comparative Advantage and Opportunity Cost
- 15. Comparative Advantage and Trade Trade can benefit everyone in society because it allows people to specialize
- 16. Consider the proposed deal from farmer’s viewpoint. Farmer receives 5 ounces of meat in exchange for
- 17. Trade Import – goods produced abroad and sold domestically; Export – goods produced domestically and sold
- 18. Comparative advantage problem Find the countries that have absolute advantage for each product. Find the countries
- 20. Скачать презентацию