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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Education Level: 9-12 College
Subjects: Economics AP Economics Data Literacy
Concepts: Trade/International Trade Productivity
Resource Types: Data Charts/Graphs Online Module
Languages: English