Unit 6 : MacroeconomicsNational Council on Economic Education

Visual 6.1http://apeconomics.ncee.net

Production PossibilitiesIn One Day of Work

Which country has the comparative advantage in the production of oranges?

Which country has the comparative advantage in the production of avocadoes?

What is the range in terms of trade for the United States?

What is the range in terms of trade for Israel?

Unit 6 : MacroeconomicsNational Council on Economic Education

Visual 6.2http://apeconomics.ncee.net

United States and Israel

Unit 6 : MacroeconomicsNational Council on Economic Education

Visual 6.3http://apeconomics.ncee.net

Domestic and Foreign Supply

Unit 6 : MacroeconomicsNational Council on Economic Education

Visual 6.4http://apeconomics.ncee.net

Supply of and Demand for Dollars

The supply of U.S. dollars is determined by U.S. demand for foreign goods, services and investments.

Demand for U.S. dollars is determined by foreign demand for U.S. goods, services and investments.