AP Macro Unit 5 Summary

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Sugar (tons)Sugar (tons)S W0 301.5 293 284.5 276 267.5 259 2410.5 2312 2213.5 2115 2016.5 1918 1819.5 17454035302520151050International TradeTrade: 1 Wheat for 1.5 SugarUSAThe US Specializes andmakes ONLY Wheat5 10 15 20 25 30 5 10 15 20Wheat (tons)Wheat (tons)302520151050BrazilBrazil MakesONLY SugarS W20 018.5 117 215.5 314 412.5 511 69.5 78 86.5 95 103.5 1110
Sugar (tons)Sugar (tons)TRADE SHIFTS THE PPC!4540International TradeUSABrazil35AFTER TRADE3030252015105252015105AFTER TRADE005 10 15 20 25 30 5 10 15 20Wheat (tons)Wheat (tons)11
Page 1 and 2: Unit 5: InternationalTrade1
Page 3 and 4: “Magic of Markets”Brown Bag Act
Page 5 and 6: Absolute and ComparativeAdvantage5
Page 7: Per Unit Opportunity Cost ReviewRon
Page 12 and 13: Sugar (tons)Sugar (tons)WheatSugarU
Page 14 and 15: Input Questions:IOU=Input: Other go
Page 16 and 17: PineapplesRadiosKenyaIndia30 10(1P
Page 18 and 19: Comparative Advantage PracticeCreat
Page 20 and 21: Closed vs. Open EconomiesA closed e
Page 22 and 23: Balance of TradeNet Exports (X N )
Page 24 and 25: Balance of Payments (BOP)Balance of
Page 26 and 27: Current AccountThe Current Account
Page 28 and 29: Current or Capital Account?Identify
Page 30: Practice1. U.S. income increases re
Page 33 and 34: Video: Down and Out Dollar
Page 35: The turnover in FOREX markets isalm
Page 38 and 39: What happens if you need more dolla
Page 40 and 41: S&D for the US DollarsPrice of USDo
Page 42 and 43: FOREX ShiftersLet’s use the examp
Page 44 and 45: 3. Changes in Relative Price Level(
Page 46: PracticeFor each of the following e

AP Macro Unit 5 Summary

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