1. Mark Scheme (Results) January 2010 GCE GCE Economics (6EC01/01)Edexcel Limited. Registered in England and Wales No. 4496750Registered Office: One90 High Holborn, London…

1. Mark Scheme (Results) January 2010 GCE GCE Economics (6EC01/01)Edexcel Limited. Registered in England and Wales No. 4496750Registered Office: One90 High Holborn, London…

Slide 1P RODUCTION P OSSIBILITIES C URVES Slide 2 P RODUCTION P OSSIBILITIES Production Possibilities Curve- (graph) shows alternative ways to use an economys productive…

Slide 11 Production Possibilities Slide 2 2 While in school, you allot yourself a certain period of time to study. A. Given a 70 hour week ( 7 days, 10 hours a day), you…

1.andDemand P Q S 1 D 1 D 2 D 3 S 3 S 2 “ OK, I was wrong. It is a matter of supply and demand, and nowI think youda “man”.2. Consumers andProducers Feel Differently…

1. Final Review! 2. What is the study of economics? How to meetunlimited wantswithscarce resources Economists study how to meet people’s unlimited wants with scarce, available…

Financing International Trade (Ch. 16) Economics oikos to manage nemo house - social study - teaches how to use efficiently scarce resources (human, capital, money, resources)…

Slide 11 Production Possibilities, Opportunity Cost and Economic Growth ©2006 South-Western College Publishing Slide 2 2 What are the three fundamental economic questions?…

Unit 1: Trade Theory Heckscher-Ohlin Model 2/3/2012 Heckscher-Ohlin Model Trade occurs due to differences in resources. Countries have different relative abundance of factors…

Unit 1: Trade Theory Heckscher-Ohlin Model 2/3/2012 Heckscher-Ohlin Model Trade occurs due to differences in resources. Countries have different relative abundance of factors…