Comparative Advantage; How to Calculate it. Economics, AP Microeconomics

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  • เผยแพร่เมื่อ 6 ม.ค. 2025
  • For the Advanced Microeconomics Review please go to: bit.ly/2aj1txm
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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?

ความคิดเห็น • 69

  • @DjHandzsolo1973
    @DjHandzsolo1973 8 ปีที่แล้ว +28

    I needed this. It was getting very confusing reading the text. I really appreciate the formula. It made the difference in comprehension. Seriously, thank you of the lesson. 👏🏾

  • @CMaruskin
    @CMaruskin 13 ปีที่แล้ว

    Thank you so much, my AP teacher has no idea what he's talking about. You are a life savior

  • @st1tchM3
    @st1tchM3 11 ปีที่แล้ว

    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!

  • @KristenPish
    @KristenPish 9 ปีที่แล้ว +6

    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!

  • @kathy-t5q
    @kathy-t5q 11 ปีที่แล้ว

    My teacher took an hour to explain that; this was ten times easier to understand. Your videos are making me like economics now.

  • @ashtonmorgan1679
    @ashtonmorgan1679 6 ปีที่แล้ว +1

    Thank you, SOOOO much for this formula. My instructor kept talking "hypothetically" and it left me so confused. I really need this !!!

  • @golfgod2392
    @golfgod2392 12 ปีที่แล้ว

    You sir are about to help me pass my college level class at MSU. Best explanation I have ever heard thank you very much!

  • @Gamer4051
    @Gamer4051 10 ปีที่แล้ว +9

    Very concise and simple! Wish all my professors were like this

  • @sebaklamsal478
    @sebaklamsal478 4 ปีที่แล้ว

    I watched so many video about calculating the comparative cost all makes me confused, this video is so clear, thanks for making this video.

  • @PROGUID3
    @PROGUID3 7 ปีที่แล้ว

    Had a midterm. Needed help with comparative advantage. THIS GUY SAVED ME, the formula is 100% useful use that and you will easily get it.

  • @NinjaBelt
    @NinjaBelt 12 ปีที่แล้ว

    Thanks for posting this, Im quite good in econ but not so great with math related stuff. Thank you for keeping it simple and explaining it quickly.

  • @D10J10
    @D10J10 7 ปีที่แล้ว

    Thanks man! Teachers make this concept much harder than it needs to be

  • @katenz
    @katenz 12 ปีที่แล้ว

    SO helpful, thank you for explaining it so quickly yet efficiently!

  • @shanaadams4456
    @shanaadams4456 10 ปีที่แล้ว

    Thank you, this was so concise. I always mix up which figure should be on the top and which should be on the bottom.

  • @NGCgalaxy
    @NGCgalaxy 10 ปีที่แล้ว +5

    straight to the point ... very helpful
    thanks !

  • @sarahleggett3808
    @sarahleggett3808 7 ปีที่แล้ว +1

    very helpful for my college course this semester! thanks so much!

  • @bookworm38300
    @bookworm38300 8 ปีที่แล้ว +1

    YES! You just saved me.... really didn't understand this and I have a test tomorrow!

  • @gekiramurray2573
    @gekiramurray2573 12 ปีที่แล้ว

    After trying to figure this out for weeks i finally found my answer. Thank you soooooo much!!!

  • @AdvancedEcon
    @AdvancedEcon  13 ปีที่แล้ว +1

    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.

  • @danachiueh
    @danachiueh 9 ปีที่แล้ว +1

    Thanks for this video!! It was incredibly informative and concise and really helped me! Thanks again :)

  • @Sara-rd4wo
    @Sara-rd4wo 9 ปีที่แล้ว +5

    I have my economics exam tomorrow thank you so much for this. Why couldn't my teacher just explain it like this...

  • @bluerox3
    @bluerox3 13 ปีที่แล้ว

    Wow! Thanks so much! I always had this concept backwards till now.

  • @ablob3388
    @ablob3388 7 ปีที่แล้ว

    THANKS SO MUCH! The formula makes it so much simpler. My teacher teaches this weird so I didn't understand

  • @mbrhlp3
    @mbrhlp3 7 ปีที่แล้ว

    This is helpful and explained simply. Thanks

  • @zugehilynieves1227
    @zugehilynieves1227 10 ปีที่แล้ว

    very helpful, I am taking micro online and it can be a bit overwhelming.

  • @lfarrop
    @lfarrop 11 ปีที่แล้ว

    Dude thanks you make it so simple and easy!!!!!

  • @Samodiva007
    @Samodiva007 11 ปีที่แล้ว

    THANK YOU soo much!!! You explained it so simple... :) I always have had the feeling that the books are somehow cheating me..hahah Thanks once again!!! :)

  • @megaspwan
    @megaspwan 12 ปีที่แล้ว

    THANK YOU THANK YOU THANK YOU!!! you couldn't have said it any better

  • @LordAethelstanVODs
    @LordAethelstanVODs 8 ปีที่แล้ว

    This was very helpful, thanks!

  • @anthonyrossi7586
    @anthonyrossi7586 12 ปีที่แล้ว

    Thank you sir for this priceless information.

  • @cgarcia7352
    @cgarcia7352 8 ปีที่แล้ว

    the formula was great! thank you

  • @tiffanyruiz8710
    @tiffanyruiz8710 5 ปีที่แล้ว

    what happens if the numbers after you put them into fraction don't reduce

  • @mar01843
    @mar01843 11 ปีที่แล้ว

    That was so clear... Very good :)

  • @rohaliawallace2153
    @rohaliawallace2153 9 ปีที่แล้ว

    this was so helpful.....thank you very much

  • @gordonwea1646
    @gordonwea1646 10 ปีที่แล้ว

    clear and simple. Thanks

  • @lanaberezovskaya7573
    @lanaberezovskaya7573 10 ปีที่แล้ว

    Fantastic! Nice and simple!!!

  • @daltonhart3516
    @daltonhart3516 11 ปีที่แล้ว

    thanks for making it simple!

  • @bebe4235
    @bebe4235 13 ปีที่แล้ว

    EXCELLENT! thanks for posting

  • @GrumblyAirMonk
    @GrumblyAirMonk 12 ปีที่แล้ว

    OMG Sir.. you have save me from a certain Micro fail exam... Thanks

  • @concon2323
    @concon2323 8 ปีที่แล้ว

    Thanks! Very helpful!

  • @LSB.B.T.D
    @LSB.B.T.D 13 ปีที่แล้ว

    thank you very much for your video very helpful

  • @jamesvalentine6640
    @jamesvalentine6640 8 ปีที่แล้ว

    Awesome. Thanks man!!

  • @oxana77
    @oxana77 12 ปีที่แล้ว

    Thank you! so helpful!

  • @jizzle1515
    @jizzle1515 13 ปีที่แล้ว

    Great and succinct ! Thanks

  • @donjuansol
    @donjuansol 9 ปีที่แล้ว

    so helpful! thanks!

  • @midnightrover13
    @midnightrover13 9 ปีที่แล้ว

    so so so helpful! saved my life :D

  • @clunkmess
    @clunkmess 11 ปีที่แล้ว

    Nice video!

  • @beas6671
    @beas6671 10 ปีที่แล้ว

    Helped a lot

  • @EsmeraldaMorrison
    @EsmeraldaMorrison 7 ปีที่แล้ว

    thank you

  • @mishaalafzal9734
    @mishaalafzal9734 11 ปีที่แล้ว

    yes, THANK YOU

  • @maevaproteau8413
    @maevaproteau8413 11 ปีที่แล้ว

    Very helpful, thank you :)

  • @shannonkayleigh95
    @shannonkayleigh95 11 ปีที่แล้ว

    Thank you! I finally understand this :)

  • @bob1724
    @bob1724 11 ปีที่แล้ว

    thanks

  • @OhAnny21
    @OhAnny21 10 ปีที่แล้ว

    this saved my life

  • @eltoro16ify
    @eltoro16ify 12 ปีที่แล้ว

    Thanks!

  • @prabathwijesinghe7471
    @prabathwijesinghe7471 11 ปีที่แล้ว

    thank you !!!

  • @rheggie1
    @rheggie1 12 ปีที่แล้ว

    very helpful

  • @CoolMelonz
    @CoolMelonz 9 ปีที่แล้ว

    Very nice!

  • @ken8844
    @ken8844 10 ปีที่แล้ว

    helped a lot

  • @kentan7793
    @kentan7793 10 ปีที่แล้ว

    holy crap thank u so much

  • @idnanflower
    @idnanflower 4 ปีที่แล้ว

    God bless you.

  • @lindavee783
    @lindavee783 8 ปีที่แล้ว

    I wish my professor explained it this way.

    • @Landest
      @Landest 7 ปีที่แล้ว

      i wish i remembered what my professor told me

  • @SephirothZack316
    @SephirothZack316 11 ปีที่แล้ว +1

    YOU SAVED MY ASS BRO!!!! GOD BLESS YOU!!!

  • @amandine78054
    @amandine78054 11 ปีที่แล้ว

    that was so simple to undrstand..geez

  • @Alonsocesar90
    @Alonsocesar90 11 ปีที่แล้ว

    You forgot to address the difference between an Input and an output problem.

  • @jonnahedenxx
    @jonnahedenxx 7 ปีที่แล้ว

    AH THANK YOU

  • @ResearchPapers1
    @ResearchPapers1 4 ปีที่แล้ว

    why is it hard for professors and teachers to teach like this? why?