Comparative Advantage; How to Calculate it. Economics, AP Microeconomics
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- เผยแพร่เมื่อ 6 ม.ค. 2025
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QUESTIONS:
1) In one hour, the USA can produce 3 cars or 12 computers.
In one hour, Japan can produce 2 cars or 14 computers.
a) Which country has the comparative advantage in making cars?
b) Which country has the comparative advantage in making computers?
c) What kind of trade should there be between the two countries? In other words, what should they specialize in making?
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I struggled with this for so long. This just simplified the concept better than any other textbook I was able to find! Massive thanks for the video!
Thank you so much!!! I was so confused but you cleared it up. I am taking online AP Macro Economics which makes it a bit more difficult. I have been looking for a formula to find comparative advantage but couldn't find it until I watched your video. Thanks again!
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I am so glad that you found this useful! Check my other videos for help on other economic concepts and/or email me with any questions. Thank you.
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what happens if the numbers after you put them into fraction don't reduce
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You forgot to address the difference between an Input and an output problem.
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why is it hard for professors and teachers to teach like this? why?