I can't thank you enough for your help by uploading these videos and the excellent way you explain these concepts. I am getting As in my tests because of you. THANK YOU THANK YOU!!
It depends upon nation's preferences as in, for eg if Japan thinks they are better off producing computer since that is what their society needs they will produce it. Similarly if US thinks that they are better off producing wheat since their economy needs it eg - if they are facing a shortage, they will go ahead and produce it.
Your videos are literally the only thing getting me through my online economics class. Thank you!
5 years later and your videos still helping a lot.
Thanks for the effort .
Edit: 6 years later.
I can't thank you enough for your help by uploading these videos and the excellent way you explain these concepts. I am getting As in my tests because of you. THANK YOU THANK YOU!!
Thank you so much for these videos. They are really helping me in my preparation. THANK YOUU!!!!
Thank you! This was very helpful in preparation for my exam:)
love these videos!
This was soo helpful.Thank you soo much 😀
Thank you for this wonderful lecture.
Great lectures, thanks
Thanks for the explanation
thanks for created this videos!
great explanation
How do we decide that how much unit of one commodity has to be sacrificed to gain one unit of another commodity?
by allocate the hours of labor available for production I think.
It depends upon nation's preferences as in, for eg if Japan thinks they are better off producing computer since that is what their society needs they will produce it. Similarly if US thinks that they are better off producing wheat since their economy needs it eg - if they are facing a shortage, they will go ahead and produce it.
I wish i found u earlier
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