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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.

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Audience:   High School, College
Language:   English
Subjects:   Economics, AP, Data Literacy
Resource Types:   Data, Charts/Graphs, Online Course
Concepts:   Trade/International Trade, Productivity