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Opportunity Cost and Comparative Advantage
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Opportunity Cost and Comparative Advantage

Who has the ABSOLUTE advantage in making earrings: Marie. Who has the ABSOLUTE advantage in making bracelets: Marie. What is Marie's opportunity cost of making earrings: . What is Marie's opportunity cost of making bracelets: . What is Isabella's opportunity cost of making earrings: . What is Isabella's opportunity cost of making bracelets: 2 earrings. Who has the COMPARATIVE advantage in making bracelets: Marie. Who has the COMPARATIVE advantage in making earrings: Isabella. For Marie and Isabella to benefit the most, what should happen: Marie should make bracelets and Isabella should make earrings and they trade.. Who has the ABSOLUTE advantage in producing cotton: Brazil. Who has the ABSOLUTE advantage in producing sugar: Brazil. What is America's opportunity cost for producing cotton: 2 pounds of sugar. What is America's opportunity cost for producing sugar: . What is Brazil's opportunity cost for producing cotton: 3 pounds of sugar. What is Brazil's opportunity cost for producing sugar: . Who has the COMPARATIVE advantage in producing cotton: America. Who has the COMPARATIVE advantage in producing sugar: Brazil. For America and Brazil to benefit the most, what should happen: America should produce cotton and import sugar from Brazil.. The table shows the combination of widgets and gizmos I can make in a day. What is the opportunity cost of moving from point A to point C: 3 gizmos. The table shows the combination of widgets and gizmos I can make in a day. What is the opportunity cost of moving from point B to point E: 14 gizmos. The table shows the combination of widgets and gizmos I can make in a day. What is the opportunity cost of moving from point D to point B: 2 widgets. The table shows the combination of widgets and gizmos I can make in a day. What is the opportunity cost of moving from point E to point A: 4 widgets

Grade:Grade 3_AI - Grade 5_AI
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