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Lecture Economics (9/e): Chapter 2 - David C. Colander
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Chapter 2, The production possibility model, trade, and globalization. The objectives of this chapter are: Demonstrate trade-offs with a production possibility curve; relate the concepts of comparative advantage and efficiency to the production possibility curve; state how, through comparative advantage and trade, countries can consume beyond their individual production possibilities; explain how globalization is guided by the law of one price.
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