microeconomics third edition chapter 2 economic models: trade-offs and trade copyright © 2013 by...
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![Page 1: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/1.jpg)
MicroeconomicsThird Edition
Chapter 2Economic Models: Trade-offs and Trade
Copyright © 2013 by Worth Publishers
Paul Krugman and Robin Wells
![Page 2: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/2.jpg)
Figure 2.1 The Production Possibility FrontierKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers
![Page 3: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/3.jpg)
Figure 2.2 Increasing Opportunity CostKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers
![Page 4: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/4.jpg)
Figure 2.3 Economic GrowthKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers
![Page 5: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/5.jpg)
Figure 2.4 Production Possibilities for Two CountriesKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers
![Page 6: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/6.jpg)
Table 2.1 U.S. and Brazilian Opportunity Costs of Small Jets and Large JetsKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers
![Page 7: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/7.jpg)
Table 2.2 How the United States and Brazil Gain from TradeKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers
![Page 8: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/8.jpg)
Figure 2.5 Comparative Advantage and Gains from TradeKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers
![Page 9: Microeconomics Third Edition Chapter 2 Economic Models: Trade-offs and Trade Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells](https://reader035.vdocuments.site/reader035/viewer/2022062217/5697bfd61a28abf838cade1f/html5/thumbnails/9.jpg)
Unnumbered Figure 2.1 Pajama RepublicsKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers
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Figure 2.6 The Circular-Flow DiagramKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers