Comparative Advantage and Foreign Trade
- Bulk Pricing:
- Buy in bulk and save
- Contributor:
- Dan Nguyen
- Grade Level:
- High School
- Product Type:
- PPT with activity sheet
- File Type:
- PPT and DOC
- Pages:
- 15
- Answer Key:
- Yes
Description
This lesson, by Dan Nguyen, covers the concept of comparative advantage. A 17 slide powerpoint explains comparative advantage and how countries can use trade with one another to end up with more goods than if they did not trade. The powerpoint also explains how comparative advantage is calculated using opportunity cost and how to calculate a good's opportunity cost.
After the powerpoint, students complete a 2 page worksheet to practice.
Created by Dan Nguyen - Visit My Store
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