Slide 1The Great Economics Mysteries Book Lesson Presentations Slide 2 The Great Economics Mysteries Book Chapter 3 Lesson 3 Unsafe at Any Level of Protection Slide 3 Improvements…

Slide 1Trade Barriers Slide 2 Essential Question How do trade barriers keep voluntary trade from occurring between countries? Slide 3 Candy Sale Who wants some candy?? Raise…

Slide 1 MODELO RICARDIANO A introdução do conceito de Vantagem Comparativa, o mais importante na teoria do comércio internacional Slide 2 Vantagem Absoluta Adam Smith…

1. The Efficiency of Markets and the Costs of Taxation6 2. Previously • A price ceiling is a legal maximum price. • A price floor is a legal minimum price. • If binding,…

1. Document R 2.  Voluntary Trade 3.  Voluntary Trade 4.  People and Industrial planners to specialize in making those things the market demands. 5. True 6. Self-Sufficient…

Slide 1 Chapter One The Central Idea Slide 2 Economics Economics is the study of how people deal with scarcity –Scarcity: Situation in which the quantity of resources is…

Slide 1 1 Chapter 4 An Economic Theory of Property Slide 2 2 Any system of property law must answer the following questions: 1) How are property rights initially assigned?…

Slide 1Unit 1 Economics: There Is No Such Thing As A Free Lunch TINSTAAFL Slide 2 Learning Targets  I will define scarcity, allocate, and resource.  I will explain…

Slide 1Tariff, Quota, & Embargo Slide 2 Standards SS6E6 The student will analyze the benefits of and barriers to voluntary trade in Europe. a.Compare and contrast different…

Slide 1 © 2010 Pearson Education Canada Inc.Chapter 1 - 1 Chapter 1 What’s in Economics for You? © 2010 Pearson Education Canada Inc. Slide 2 Chapter 1 - 2 What’s in…