Concepts:
- Absolute advantage
- Opportunity cost
- Comparative advantage
Please use one of concepts above to finish the requirement:
- State a concept.
- Explain the concept in your own words. Suggestion: try to explain as if you were explaining it to a 5-year old child--if you can do this you got it!
- Explain the event you did not understand our found puzzling; if/when appropriate, share a link with the class (this page shows you how to post a working hyperlink). Note: the words in the hyperlink do not count towards the 150-word limit!
- Explain how the economic concept you learned helped you make sense of the event you did not understand or found puzzling.