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Jack of All Trades: Comparative Advantage Online Module for Teachers and Students

In this module, students 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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Audience:   High School, College
Language:   English
Subjects:   AP Economics, Economics
Resource Types:   Online Course/Module
Concepts:   Opportunity Cost, Productivity