Gains from trade economics class 12 icse

Economics presentation for class 12

1. Chapter
Seven:
International
Trade and Trade
Policy

2. Gains from Trade

3. Figure 7.1: Portugal’s Production-Possibilities
Frontier

4. Figure 7.2: England’s Production-Possibilities
Frontier

5. Table 7.1: Production, Exchange, and Consumption
of Wine and Cloth

6. Table 7.2: Opportunity Cost and Comparative
Advantage

7. Drawbacks of Free Trade

8. Table 7.3: A Different Outcome of Exchange and
Consumption

9. Appendix: A Formal Theory
of Gains from Trade

10. Figure 7.3: Joint Production Possibilities Frontier
for England and Portugal

11. Figure 7.4: Efficient and Inefficient Joint Production
Possibilities Frontier