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Khan Academy: Opportunity Cost and Comparative Advantage Using an Output Table Instructional VideoKhan Academy: Opportunity Cost and Comparative Advantage Using an Output Table Instructional Video
Publisher
Khan Academy
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Instructional Video

Khan Academy: Opportunity Cost and Comparative Advantage Using an Output Table

Curated by ACT

In this video [9:55], we use the PPCs for two different countries that each produce two goods in order to create an output table based on the data in the graph. We then use the output table to determine the opportunity costs of producing each good. Finally, we determine which country as a comparative advantage in each good.

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Concepts

comparative advantage

Additional Tags

khan academy, create an output table, production possibilities curve (ppc), opportunity costs, production possibilities curve
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Resource Details

Grade
9th - 10th
Subjects
Social Studies & History
2 more...
Resource Type
Instructional Videos
Audiences
For Administrator Use
2 more...

View 5,792 other resources for 9th - 10th Grade Economics

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