: The slides explicitly shade the "protection consumption effect" and "production distortion effect" triangles, representing pure economic waste.
: Chapter summaries isolate exactly what concepts will be tested. dominick salvatore international economics ppt
[Production Possibility Frontier] ---> [Community Indifference Curve] ---> [Autarky Equilibrium] | [Global Trade Equilibrium] <--- [Specialization & Comparative Cost] <----+ The Edgeworth Box and Production Frontiers : The slides explicitly shade the "protection consumption
Salvatore’s PPTs usually have call-out boxes for "Globalization and the Multinational Firm." When you hit those slides, stop. Open Google News. Find a current article about a MNC (e.g., Apple in India, Tesla in Germany). Write down how the theory in the slide applies to the news article. Apple in India