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Principles of Macroeconomics 2e
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CC BY
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Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.

Subject:
Economics
Social Science
Material Type:
Full Course
Date Added:
07/18/2021
Principles of Macroeconomics 2e, International Trade, What Happens When a Country Has an Absolute Advantage in All Goods
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CC BY
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By the end of this section, you will be able to:

Show the relationship between production costs and comparative advantage
Identify situations of mutually beneficial trade
Identify trade benefits by considering opportunity costs

Subject:
Applied Science
Material Type:
Module
Author:
OpenStax College
Date Added:
07/18/2021