Comparative Advantage

Comparative Advantage Superhero

This series of slides presents the production possibilities frontiers for Alphatown and Omegaville and illustrates their comparative advantage in the production of apples and potatoes, leading to specialization and trade.

•  Whiteboard (SMART/notebook)

•  PowerPoint (pptx)


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Audience:   High School, College
Language:   English
Subjects:   AP, Economics
Resource Types:   Lessons, SMART/Promethean/Whiteboard
Concepts:   Trade/International Trade, Opportunity Cost
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Video Overview:
Watch this video to get a concise summary of Econ Lowdown's benefits:
The Lowdown