Trading under increasing opportunity cost (Carbaugh Figure 2.5)

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Trading under increasing opportunity cost (Carbaugh Figure 2.5)

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Күн бұрын

This video demonstrates how two countries with increasing opportunity cost (and thus, bow-shaped PPF) will partially specialize and benefit from trade.

Пікірлер: 24

@zz7733 3 жыл бұрын

I've been stuck on this part of the textbook for 2 hours!! I have no words to describe how much you've helped me. I could cry from relief rn, this class is kicking my ass.

@IrisFranz 3 жыл бұрын

Glad that the clip was helpful. Best luck with your studying!

@alexiscox177 3 жыл бұрын

Me too! Thank you!

@onasha7658 3 ай бұрын

i was stuck with this part in my tute, Than kyou so much

@sntran88 2 ай бұрын

Thanks a lot 🙏🏻🙏🏻🙏🏻🙏🏻

@PhuongTran-th9pm 3 жыл бұрын

Can I ask how do you find the tangent line function?

@abhinaychowdhary8253 3 жыл бұрын

Thanks very crisply explained

@IrisFranz 3 жыл бұрын

Glad it was helpful!

@pranaypurohit7855 4 жыл бұрын

oh my god, you are god sent!

@IrisFranz 4 жыл бұрын

I’m not but glad to help!

@Polsiya_Qamar 2 жыл бұрын

Thanks 😊

@ShinsDomain 3 жыл бұрын

Thank you soo much 🍀

@IrisFranz 3 жыл бұрын

You’re welcome!

@arwamegahed2024 Жыл бұрын

What is the text book which you explained this video from , please ?

@IrisFranz Жыл бұрын

Robert Carbaugh’s international economics

@arwamegahed2024 Жыл бұрын

@@IrisFranz Are there any more examples to get used to the solution of this topic ?

@savigera844 Жыл бұрын

I have a doubt... Why us is partially specialising ... Why not fully specialising...

@IrisFranz Жыл бұрын

Full specialization occurs when the PPF (PPC) is a straight line. In reality, PPF is bow-shaped-- due to increasing opportunity cost. Here is a clip why PPF is bow-shaped kzfaq.info/get/bejne/rctxnpeBub7LdoU.html

@9noona809 4 жыл бұрын

What are the causes of incomplete specialization?

@IrisFranz 4 жыл бұрын

Because of increasing opportunity cost. Why is opportunity cost increasing? Because workers have different talent.

@zhen7014 4 жыл бұрын

讲的很好，如果有字幕会更好😄

@dicksonnkandu3922 2 жыл бұрын

How did you calculate the opportunity cost ?

@IrisFranz 2 жыл бұрын

The opportunity cost of the good at the horizontal axis in terms of the good at the vertical axis on a PPF is equal to the slope of the PPF. Best luck.

@NIKULYLAHDABINTINIKAZLAN 5 ай бұрын

did you get it?if you get it, can you explain how? i got 1/30 ({520-500}/{-600}) which is totally wrong