1.30 First Recitation

1.30 First Recitation - First Recitation 1.30 Markets for...

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First Recitation 1.30 Markets for goods + services: food, household items, etc. PPF: slope of line = opportunity cost at every point Discrete Choice : ☼ Example: Can either go to class or not, but cannot go to 1.5 classes (unlike ice-cream scoops) “Trade is good for every country no matter what” ☼ Exploitation? ☼ Protectionism? → Take gains from trade + re-train people who have been displaced
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This note was uploaded on 04/25/2008 for the course ECON 05 taught by Professor Abdullah during the Spring '08 term at Tufts.

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