interdependence Principles of Economics, Third Edition 经济学原理第三版课件培训讲解.pptVIP

3;;;Interdependence and the Gains from Trade;Interdependence and the Gains from Trade;A PARABLE FOR THE MODERN ECONOMY;Table 1 The Production Opportunities of the Farmer and Rancher;Production Possibilities;Figure 1 The Production Possibilities Curve;Figure 1 The Production Possibilities Curve;The farmer should produce potatoes. The rancher should produce meat.;Table 2 The Gains from Trade: A Summary;Figure 2 How Trade Expands the Set of Consumption Opportunities;Figure 2 How Trade Expands the Set of Consumption Opportunities;Table 2 The Gains from Trade: A Summary;Who can produce potatoes at a lower cost--the farmer or the rancher?;THE PRINCIPLE OF COMPARATIVE ADVANTAGE ;Absolute Advantage;The Rancher has an absolute advantage in the production of both meat and potatoes.;Opportunity Cost and Comparative Advantage;Comparative Advantage and Trade;Table 3 The Opportunity Cost of Meat and Potatoes;Comparative Advantage and Trade;;Comparative Advantage and Trade;Comparative Advantage and Trade;FYI—The Legacy of Adam Smith and David Ricardo;APPLICATIONS OF COMPARATIVE ADVANTAGE ;APPLICATIONS OF COMPARATIVE ADVANTAGE ;Summary;Summary;Summary