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FIGURE 3-1 Production Frontiers of Nation 1 and Nation 2 with Increasing Costs. Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons,

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Presentation on theme: "FIGURE 3-1 Production Frontiers of Nation 1 and Nation 2 with Increasing Costs. Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons,"— Presentation transcript:

1 FIGURE 3-1 Production Frontiers of Nation 1 and Nation 2 with Increasing Costs.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

2 FIGURE 3-2 Community Indifference Curves for Nation 1 and Nation 2.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

3 FIGURE 3-3 Equilibrium in Isolation.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

4 FIGURE 3-4 The Gains from Trade with Increasing Costs.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

5 FIGURE 3-5 The Gains from Exchange and from Specialization.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

6 FIGURE 3-6 Trade Based on Differences in Tastes.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

7 FIGURE 5-4 The Heckscher-Ohlin Model.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

8 FIGURE 4-3 Derivation of the Offer Curve of Nation 1.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

9 FIGURE 4-4 Derivation of the Offer Curve of Nation 2.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

10 FIGURE 4-5 Equilibrium-Relative Commodity Price with Trade.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.

11 FIGURE 5-5 Relative Factor-Price Equalization.
Salvatore: International Economics, 7th Edition © 2001, John Wiley & Sons, Inc.


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