1. Comparative Advantage

3. Should trade be promoted?

4. Why do many believe in Protectionism?

5. Comparative Advantage Key Terms International Trade (Open Economy) Exports and Imports The PPC Graph Opportunity Costs Absolute Advantage Comparative Advantage Specialization

6. US Trade Balance

7. The PPC Connection

8. Who has the absolute advantage in producing chairs? HDTVs?

9. Calculating Comparative Advantage

10. Specialization and the World Market

11. Former AP Questions 2003 Form B #3 2003 #3 2004 Form B #3 2008 #3 http://apcentral.collegeboard.com/apc/public /exam/exam_information/index.html Click On Macroeconomics and the FRQs are on the bottom of the page. http://apcentral.collegeboard.com/apc/public /exam/exam_information/index.html