Comparative Advantage Explained — Step-by-Step Input Problem Example
Автор: Econbusters
Загружено: 2025-08-15
Просмотров: 213
"In our last video, we tackled a comparative advantage output problem, where outputs — the goods or services produced — were the numbers that varied, and inputs stayed constant. In this video, we’re flipping things around.
We’re going to work through an input problem from start to finish — that’s where the inputs, like hours of labor or resources needed, vary, and the outputs stay fixed. You’ll see how to find absolute advantage, determine comparative advantage, calculate the range of mutually beneficial trade terms, and even propose a possible terms of trade.
This is a full, step-by-step example — perfect for AP Economics, IB Economics, or anyone learning these concepts for the first time. By the end, you’ll see that the logic is the same as with output problems… you just have to handle the opportunity cost calculations a little differently. Let’s get started!"
Доступные форматы для скачивания:
Скачать видео mp4
-
Информация по загрузке:
