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AP Macro: MKT‑1 (EU), MKT‑1.A (LO), MKT‑1.A.1 (EK), MKT‑1.A.2 (EK), MKT‑1.B (LO), MKT‑1.B.1 (EK), MKT‑1.B.2 (EK)
In this lesson summary review and remind yourself of the key terms, graphs, and calculations used in analyzing comparative advantage and the gains from trade. Key concepts include how to determine comparative advantage, the terms of trade, and how comparative advantage leads to higher levels of consumption.
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