The Principle of Opportunity Cost
Opportunity Costs are Choices ???
Opportunity Costs and Production Possibilities
Shifting the Production Possibilities Curve
PPT Slide
MARKET
QUESTIONS ADDRESSED ABOUT TRADE
WHY DO MARKETS EXIST ?
comparative ADVANTAGE & EXCHANGE
ABSOLUTE ADVANTAGE
OPPORTUNITY COST FOR BRENDA AND SAM
HOW DOES SPECIALIZATION HELP ?
THE GLOBAL ECONOMY (International Trade)
1993 INTERNATIONAL TRADE
INTERNATIONAL TRADE
Reliance on Trade Differs With Specific Country
EXPORT RATIOS (Exports as Percentage of Total Income)
THE MARGINAL PRINCIPLE
EDWARD SCISSORHANDS BARBERSHOP
The Principle of Diminishing Returns
THE SPILLOVER PRINCIPLE
THE REALITY PRINCIPLE
Email: osman.zaim@orst.edu
Home Page: http://osu.orst.edu/instruct/econ201/osman/
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