FRED Interactive: Comparative Advantage
The cost of employing workers (labor) in the manufacturing sector affects the price of manufactured goods, such as household appliances. In this interactive lesson, students compare manufacturing unit labor costs across countries. These costs help us quantify the comparative advantage of the United States relative to other countries.
Teachers: Visit the FRED Interactives in our Econ Lowdown Teacher Portal. Once you are logged in, go to the Resource Gallery and filter by “Resource Type: Interactive Lesson” to easily find and preview the FRED Interactive lessons.
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