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Showing posts from January, 2019

Unit 1, Lesson 6B: Input Questions for Absolute and Comparative Advantage

This lesson on input questions based on absolute and comparative advantage will be on the  Basic Economic Concepts  portion of the AP examination(s). Different countries have different resources, causing them to have different production possibilities, as learned in past lessons. Thus, comparing different countries will demonstrate that certain countries will be better or worse at producing certain products than other countries. In the last lesson, we looked at countries producing different quantities of goods when given the same number of resources. However, in this lesson, we will look at countries producing the same goods when given different numbers of resources. For instance, let us say that Countries C and D both produce cars and trucks. Here are the production times for Country C, given their current resources: Here are the production times for Country D, given their current resources: Now, let us compare the production possibilities of the two countries