Chap002.6 - The Basis for Exchange Slide 32 Comparative...

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6 Chapter 2: Comparative Advantage: The Basis for Exchange Slide 31 Factors That Shift The Economy’s Production Possibilities Curve ± Increasing Productive Resources z Investment in new factories and equipment z Population growth ± Improvements in Knowledge and Technology z Increasing education z Gains from specialization Chapter 2: Comparative Advantage:
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Unformatted text preview: The Basis for Exchange Slide 32 Comparative Advantage and International Trade Can we have too much specialization? z What are the costs of specialization? Economic Naturalist z If trade between nations is so beneficial, why are free-trade agreements so controversial?...
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This note was uploaded on 02/20/2012 for the course ECON 202 taught by Professor Brightwell during the Spring '08 term at Texas A&M.

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