Unformatted text preview: d. Where did they go wrong? e. Position of the PPF i. Affected by 1. Growth 2. New technology 3. Increases in labor production 4. Increases in capital productivity 5. Investments in human and economic capital ii. PPF gymnastics III. David Ricardo a. Famous 19 th century British Economist b. Some consider him the grandfather of international trade theory c. Very influential in pioneering the theory of comparative advantage, inter alia d. Very interesting e....
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- Fall '06