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Comparative Advantage— How Nations Can Gain From International Trade

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Presentation on theme: "Comparative Advantage— How Nations Can Gain From International Trade"— Presentation transcript:

1 Comparative Advantage— How Nations Can Gain From International Trade
Chapter 2 Comparative Advantage— How Nations Can Gain From International Trade PowerPoint Presentation by Charlie Cook Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

2 Northland’s Production Possibilities
Table 2-1 Northland’s Production Possibilities Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

3 Northland’s Production Possibilities Frontier
Figure 2-1 Northland’s Production Possibilities Frontier Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

4 Weekly Production in Northland and West Coast without Specialization
Table 2-2 Weekly Production in Northland and West Coast without Specialization Table 2-3 Weekly Production in Northland and West Coast with Specialization Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

5 Production Possibilities in Northland and West Coast
Table 2-4 Production Possibilities in Northland and West Coast Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

6 Weekly Production in Northland and Southsea without Specialization
Table 2-5 Weekly Production in Northland and Southsea without Specialization Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

7 Production Possibilities in Northland and Southsea
Table 2-6 Production Possibilities in Northland and Southsea Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

8 Production Possibilities Frontiers for Northland and Southsea
Figure 2-2 Production Possibilities Frontiers for Northland and Southsea Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

9 Questions and Problems - 1)
Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

10 Questions and Problems - 2)
Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

11 Questions and Problems - 3)
Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

12 Questions and Problems - 4)
Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

13 Questions and Problems - 5)
Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

14 Questions and Problems - 6)
Copyright © 2004 South-Western/Thomson Learning. All rights reserved.


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