Comparative Advantage Explained | Comparative Advantage Practice
In this video we explain go over a sample homework problem which looks at how we can calculate the opportunity cost of two goods, use it to calculate the comparative advantage. Then, we calculate productivity of two producers to determine who has the absolute advantage!
This channel is just getting started so if you enjoyed the content, let us know by liking, commenting, sharing, and subscribing to the channel; it really helps us out. ALOT. We release weekly videos on Thursdays covering all things ECONOMICS!
If you have a great idea that you'd like featured, let us know in the comment section.
If you're interested in daily content, consider following us on Twitter or Instagram.
Twitter: [ Ссылка ]
Instagram: [ Ссылка ]
Enjoy, and have a great weekend!
~The THINK ECON Team
KEYWORDS:
Think Econ, economics, macroeconomics, absolute advantage, comparative advantage and trade, comparative advantage vs absolute, comparative advantage explained, comparative advantage and gains from trade, comparative advantage and absolute, comparative advantage macroeconomics, comparative advantage and terms of trade, comparative advantage ap micro, absolute and comparative advantage microeconomics, trade and comparative advantage, comparative and competitive advantage, specialization and comparative advantage, specialisation and comparative advantage, comparative advantage definition, comparative advantage diagram explained, comparative advantage econ, comparative advantage example problems, comparative advantage example, comparative advantage exercise, comparative advantage explanation, comparative advantage economics questions, comparative advantage evaluation, comparative advantage graph explained, comparative advantage how to calculate, comparative advantage homework, comparative advantage in economics, comparative advantage lesson, comparative advantage microeconomics, comparative advantage macro, comparative advantage problems, comparative advantage practice
