2. Introductory Economic Models
PPF - Comparative Advantage and Absolute Advantage
2. Introductory Economic Models
PPF - Comparative Advantage and Absolute Advantage - Video Tutorials & Practice Problems
Everyone has different levels of productivity. Who's better at making what? How do we define "better"?
1
Problem
ProblemWho has the absolute advantage in making scrambled eggs?
A
Joe
B
Carla
C
No one
2
Problem
ProblemWho has the absolute advantage in making fresh squeezed orange juice?
A
Joe
B
Carla
C
No One
3
Problem
ProblemWho has the comparative advantage in making scrambled eggs?
A
Joe
B
Carla
C
No one
4
Problem
ProblemWho has the comparative advantage in making fresh squeezed orange juice?
A
Joe
B
Carla
C
No one
Do you want more practice?
More setsNo practice sets found.