Comparative Advantage Lesson
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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.
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Education Level:
9-12
,
College
Subjects:
AP Economics
,
Economics
Concepts:
Trade/International Trade
,
Opportunity Cost
Resource Types:
Lesson
,
SMART/Promethean/Whiteboard
,
PowerPoint
Languages:
English