McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
Chapter 1
The Fundamentals
of Economics
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
T-1
Figure 1-1
The Production Possibilities
in a Graph
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
A Smooth Curve Connects the Plotted Points
of the Numerical Production Possibilities
T-2
Figure 1-2
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
Economic Growth Shifts
the PPF Outward
T-3
Figure 1-3
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
Economies Must Choose Between
Public Goods and Private Goods
T-4
Figure 1-4
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
Investment for Future Consumption Requires
Sacrificing Current Consumption
T-5
Figure 1-5