Production Possibilities In One Day of Work
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Transcript of Production Possibilities In One Day of Work
Unit 6 : MacroeconomicsNational Council on Economic Education
Visual 6.1http://apeconomics.ncee.net
Production PossibilitiesIn One Day of Work
Which country has the comparative advantage in the production of oranges?
Which country has the comparative advantage in the production of avocadoes?
What is the range in terms of trade for the United States?
What is the range in terms of trade for Israel?
Unit 6 : MacroeconomicsNational Council on Economic Education
Visual 6.2http://apeconomics.ncee.net
United States and Israel
Unit 6 : MacroeconomicsNational Council on Economic Education
Visual 6.3http://apeconomics.ncee.net
Domestic and Foreign Supply
Unit 6 : MacroeconomicsNational Council on Economic Education
Visual 6.4http://apeconomics.ncee.net
Supply of and Demand for Dollars
The supply of U.S. dollars is determined by U.S. demand for foreign goods, services and investments.
Demand for U.S. dollars is determined by foreign demand for U.S. goods, services and investments.