ECONOMICS, 5e Trade, Tradeoffs, and Economic Systems Roger Arnold CHAPTER 2 Trade, Tradeoffs, and Economic Systems

Exhibit 1 Production by Elizabeth and Brian Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing

Exhibit 2 Consumption for Elizabeth and Brian with and without Specialization and Trade Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing

Exhibit 3 Production Possibilities Frontier (Constant Opportunity Costs) Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing

Exhibit 4 Production Possibilities Frontier (Changing Opportunity Costs) Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing

Exhibit 5 A Summary Statement about Increasing Opportunity Costs and a Production Possibilities Frontier that Is Bowed Outward (Concave Downward) Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing

Exhibit 6 Efficiency, Inefficiency, and Unemployed Resources within a PPF Framework Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing

Exhibit 7 Economic Growth within a PPF Framework Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing

Exhibit 8 Political Debates, Economic Growth, and the PPF Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing

Exhibit 9 The Collapse of the Former Soviet Union within a PPF Framework Arnold Economics, 5e / Ch. 2 Trade, Tradeoffs, and Economic Systems ©2001 South-Western College Publishing