Chapter 2: Scarcity and Choices
Chapter Outline
2.0 Introduction
2.1 Economic Model
2.2 Circular Flow Model
2.3 Production Possibility Model
2.4 Economic Growth
2.5 PPF and International Trade
2.6 Gains from Trade
2.7 Key Terms
2.0 Introduction
2.1 Economic Model
2.2 Circular Flow Model
2.3 Production Possibility Model
2.4 Economic Growth
2.5 PPF and International Trade
2.6 Gains from Trade
2.7 Key Terms