5 results found
Why Do Nations Trade? Infographic
Teach students about production possibilities curves, absolute v. comparative advantage, trade barriers, and more with this infographic.
Comparative Advantage Online Course for Consumers
In this course, you will meet Jack Of All Trades, a most awesome superhero. In all tasks, Jack can do everything better and faster (he has absolute advantage), but does that mean he must do everything while the rest of the people stand around helplessly? Find out if justice is served when a formerly idle citizen, Andy, wades through the depths of opportunity cost and the benefits of comparative advantage.
Comparative Advantage Interactive Whiteboard Lesson
This series of slides presents the production possibilities frontiers for Alphatown and Omegaville and illustrates their comparative advantage in the production of apples and potatoes, leading to specialization and trade.
Comparative Advantage Online Course for Teachers and Students
In this course, you will meet Jack Of All Trades, a most awesome superhero. In all tasks, Jack can do everything better and faster (he has absolute advantage), but does that mean he must do everything while the rest of the people stand around helplessly? Find out if justice is served when a formerly idle citizen, Andy, wades through the depths of opportunity cost and the benefits of comparative advantage.
Everyday Economics: International Trade
Examines the benefits of specialization and trade, using the economic principles of absolute and comparative advantage. It also discusses protectionism and worldwide efforts to open trade.