Opportunity costs and comparative advantage

Поделиться
HTML-код
  • Опубликовано: 23 окт 2024

Комментарии • 29

  • @ayushgiri5314
    @ayushgiri5314 4 года назад +5

    I always thought that it is too difficult to calculate as taught in our school
    Thanks for making it this easy for us.

  • @sivanirajesh4251
    @sivanirajesh4251 9 лет назад +24

    This was really helpful and I cant believe it was this simple and my teacher taught nothing bout it ! I cant appreciate it enough :D

    • @JaakeyNineT6
      @JaakeyNineT6 8 лет назад

      me too sivani! God Horowitz is so good at this sort of thing xD

  • @kandavidndri5938
    @kandavidndri5938 7 лет назад +16

    I think it is the opposite. The opportunity cost to produce 1 car is 2 computers

  • @rouf4422
    @rouf4422 3 года назад

    If opportunity cost of the two products are same in both the countries ,will international trade take place?

  • @MovieSumUp007
    @MovieSumUp007 3 года назад

    20 or 40 are car and computer respectively using 1 unit of labour or these numbers are labour unit

  • @suleymanbayar2795
    @suleymanbayar2795 5 лет назад +3

    Lower opp cost is also comperative cost am i right

  • @georgstraub1528
    @georgstraub1528 7 лет назад +14

    Isn't it the other way round? The OC for 1 Car in the US would be 20/40 and in Canada 5/20. == I am able to produce 2 Cars for 1 Computer (OC for PCs)

    • @lookthatpigisflying9694
      @lookthatpigisflying9694 5 лет назад +1

      yeah, he confused me. the thing you give up should be divided.

    • @everythingfun7069
      @everythingfun7069 5 лет назад

      I almost argued with my economics teacher over his exlanation!!

  • @rosarioramirez4776
    @rosarioramirez4776 Год назад

    God bless sir fr 🙏🏻

  • @Er5608c
    @Er5608c 6 лет назад +3

    10 pm and cramming, this really helped

  • @pushysoup
    @pushysoup 4 года назад

    Is this the guy from stormcloudsgathering? Because he sounds identical

  • @nicolenolicechamunorwa-uh9ic
    @nicolenolicechamunorwa-uh9ic Год назад

    Thanks 😊

  • @moneyp420
    @moneyp420 9 лет назад +2

    Am I giving up 2 cars per 1 computer?? Or 1/2

  • @jaynetan6589
    @jaynetan6589 6 лет назад +1

    okay!! thank u, u r a life saver

  • @alandeleon8976
    @alandeleon8976 6 лет назад

    This was superrr helpful, thanks! God bless

  • @yunsuuu
    @yunsuuu 7 лет назад +1

    This saved me... thank you

  • @CullenTheDuck
    @CullenTheDuck 5 лет назад

    very helpful thanks

  • @felizkodie5328
    @felizkodie5328 6 лет назад +6

    I though it was the other way around

  • @miajays327
    @miajays327 6 лет назад

    Thank you so much! This is very helpful!

  • @jorgeandrese1628
    @jorgeandrese1628 7 лет назад

    I'm giving my entrepreneurship test right now

  • @dariusphillips-perry8170
    @dariusphillips-perry8170 9 лет назад

    thank you so much

  • @binpark3965
    @binpark3965 7 лет назад

    thank you!

  • @rodeanmajidy3372
    @rodeanmajidy3372 6 лет назад +2

    you completely did that wrong...

  • @MissWooHoo11
    @MissWooHoo11 10 лет назад +4

    canada is still better in general :)

    • @JaakeyNineT6
      @JaakeyNineT6 8 лет назад +2

      hahahah we've got trump though ;)