MicroeconomicsThird Edition

Chapter 2Economic Models: Trade-offs and Trade

Copyright © 2013 by Worth Publishers

Paul Krugman and Robin Wells

Figure 2.1 The Production Possibility FrontierKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 2.2 Increasing Opportunity CostKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 2.3 Economic GrowthKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 2.4 Production Possibilities for Two CountriesKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers

Table 2.1 U.S. and Brazilian Opportunity Costs of Small Jets and Large JetsKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers

Table 2.2 How the United States and Brazil Gain from TradeKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 2.5 Comparative Advantage and Gains from TradeKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers

Unnumbered Figure 2.1 Pajama RepublicsKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 2.6 The Circular-Flow DiagramKrugman and Wells: Microeconomics, Third EditionCopyright © 2013 by Worth Publishers