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AP®︎/College Macroeconomics
Course: AP®︎/College Macroeconomics > Unit 1
Lesson 3: Comparative advantage and the gains from trade- Comparative advantage, specialization, and gains from trade
- Comparative advantage and absolute advantage
- Opportunity cost and comparative advantage using an output table
- Terms of trade and the gains from trade
- Input approach to determining comparative advantage
- When there aren't gains from trade
- Comparative advantage worked example
- Lesson summary: Comparative advantage and gains from trade
- Comparative advantage and the gains from trade
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Comparative advantage and the gains from trade
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)
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