This document summarizes Chapter 2 of Macroeconomics Second Edition by Paul Krugman and Robin Wells. The chapter discusses economic models related to production possibilities, opportunity costs, economic growth, comparative advantage, and gains from trade. It includes 8 figures and 2 tables to illustrate these concepts.
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1. Paul Krugman and Robin Wells
Macroeconomics
Second Edition
Chapter 2
Economic Models: Trade-offs and Trade
Copyright 息 2009 by Worth Publishers
2. Figure 2.1 The Production Possibility Frontier
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
3. Figure 2.2 Increasing Opportunity Cost
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
4. Figure 2.3 Economic Growth
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
5. Figure 2.4 Production Possibilities for Two Castaways
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
6. Table 2.1
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
7. Table 2.2
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
8. Figure 2.5 Comparative Advantage and Gains From Trade
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
9. Figure 2.6 Comparative Advantage and International Trade
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
10. Unnumbered Figure 2.1 Pajama Republics
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers
11. Figure 2.7 The Circular-Flow Diagram
Krugman and Wells: Macroeconomics, Second Edition
Copyright 息 2009 by Worth Publishers