Input approach to determining comparative advantage | AP Macroeconomics

No video

Input approach to determining comparative advantage | AP Macroeconomics | Khan Academy

Рет қаралды 43,496

Күн бұрын

Courses on Khan Academy are always 100% free. Start practicing-and saving your progress-now: www.khanacadem...
In this video, we take a slightly different approach to determining comparative advantage because we are given data in a slightly different way. Rather than knowing how much of two goods can be produced in a day, we know how much of a resources (in this case labor) is needed to produce one unit of a good.
View more lessons or practice this subject at www.khanacademy...
AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today!
Donate here: www.khanacadem...
Volunteer here: www.khanacadem...

Пікірлер: 12

@senak9000 3 жыл бұрын

thank you

@sayanichowdhury4064 3 жыл бұрын

i don't understand why this video is soo underrated !!!

@wishmiwickramanayaka2846 2 жыл бұрын

can i know why are we assuming 8 hours?

@alHuwariyunMuslim 9 ай бұрын

Labor laws

@SJay-ez9fw 4 жыл бұрын

for these questions can you always assume that there are 8 worker hours in a day?

@mohamedatiqgulamhussein4907 4 жыл бұрын

You are smart!

@peterhagtharp4263 2 жыл бұрын

If you assume your results become less reliable. So try your best to make sure that's the case.

@alexandrubirghilescu170 Жыл бұрын

Getting the opportunity cost has NOTHING to do with the amount of hours worked if all workers work the same hours

@campingwolffyt7162 6 жыл бұрын

Thx for showing me this I like math so thx for showing this to me 😀😀😀😀

@akilaweerasuriya899 3 жыл бұрын

So you mean if the question is given in terms of input covert it into output and then create the opportunity cost table? Don’t you have a direct way of getting opportunity cost from the input table itself?

@kadim281 3 жыл бұрын

To find the O.C for toy cars if is an input, you can divide the # of toy cars by the # of belts, whereas if is an output, you divide the # of belts by the # of toy cars..