Comparative Advantage and Trade - Macro Topic 1.3 (Micro Topic 1.4)

This topic is somehow ridiculously simple and ridiculously complex. The simple part is understanding that trade is mutually beneficial. The complex part is calculating per unit opportunity cost and determining how individuals, business, or countries should specialize trade. Make sure to practice, practice, practice.

Check out the Ultimate Review Packet. The Unit 1 study guide is FREE.

Here is the last video about the Production Possibilities Curve.

Here is a video to help you practice comparative advantage.

[JacobAClifford]

The answer key is below. Just click on "Read more." Please let me know how you did. Your rock!


Answers
1.D
2.D
3.B
4. D (this is an input question)

[evansmith]

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[nashboykin]

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[so_obsessed_]

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[aviarora]

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[sahilgagvani]

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[rolandokattan]

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[masellomasalane]

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[JustAPerson-swgk]

never thought i wouldnt get bored studying but here i am studying for a micro macro test i have next week actually being distracted by what im studying

[carolinalourenco]

Great Video! they always help a lot. Could you please do a video about lobbyism and its influence on trade policy?

[pavlosakharov]

Hi. just wanna say - good job! Keep it up!

[MA-rceo]

Please make video about compartive advantage with input.