PPF Model Show

Paul Krugman and Robin Wells

Macroeconomics
Second Edition

Chapter 2
Economic Models: Trade-offs and Trade

Copyright © 2009 by Worth Publishers

Figure 2.1 The Production Possibility Frontier
Krugman and Wells: Macroeconomics, Second Edition

Figure 2.2 Increasing Opportunity Cost

Figure 2.3 Economic Growth

Figure 2.4 Production Possibilities for Two Castaways

Table 2.1

Table 2.2

Figure 2.5 Comparative Advantage and Gains From Trade

Figure 2.6 Comparative Advantage and International Trade

Unnumbered Figure 2.1 Pajama Republics

Figure 2.7 The Circular-Flow Diagram

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