Jack of All Trades: Comparative Advantage Online Module for Non-educators
In this module, learn that even when absolute advantage exists, two parties can still benefit from trading, if they do so according to their comparative advantage.
Miss Information tries to persuade Andy that his new car repair and snow removal business is doomed to failure because Jack has the absolute advantage in both tasks. However, Jack dispels Miss Information’s misinformation by suggesting they work together and exploit their comparative advantage.
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Related: View all of the Comparative Advantage Short Modules.
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Education Level: Non-educators Subjects: Economics Concepts: Opportunity Cost , Productivity Resource Types: Online Module Languages: English