THE PRODUCTION POSSIBILITY MODEL, TRADE, AND GLOBALIZATION Chapter 2 McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. 2-2 Today’s…

1.Money and the Financial System Chapter 28 © 2006 Thomson/South-Western 2. Evolution of Money Barter is the direct trading of one good for another good Problems with barter…

1. Water Footprints 5 March 2009 Tim Hess Cranfield University 2. Water & carbon footprints• Carbon footprint is the total • Water footprint is the total mass of…

1. Chapter Economic Factors 3 2. Chapter Objectives Students will learn:How a market economy works and what its major characteristics are. What the circular flow model is…

1. Understanding Trade … and a debate on perceptions Trade is good for you… under certain conditions Bad and good farming and public perception Jorge Nunez CEU Master…

10 What is Economics? 9 2 the economic problem Chapter Answers to the Review Quizzes Page 32 1. How does the production possibilities frontier illustrate scarcity? The unattainable…

Slide 1A BASIC QUESTION How do you allocate scarce resources among competing needs and wants? Slide 2 CHAPTER TWO DEFINITIONS Land - All natural resources, such as minerals,…

Slide 1 Economic Studies 2th Stage 2011-2012 Prepared by Nyaz Najmadin To Accompany International Economics: Theory and Policy International Economics: Theory and Policy,…

Slide 1 The Production Possibility Model, Trade, and Globalization 2 The Production Possibility Model, Trade, and Globalization No one ever saw a dog make a fair and deliberate…

Slide 1 Slide 2 Splash Screen Chapter 17 International Trade Slide 3 2 Chapter Introduction 2 Chapter Objectives Explain the importance of international trade in today’s…