Unrestricted Use
CC BY
- Material Type:
- Full Course
- Provider:
- Rice University
- Provider Set:
- OpenStax College
- Date Added:
- 06/29/2017
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Unrestricted Use
CC BY
- Material Type:
- Unit of Study
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
By the end of this section, you will be able to:
Define absolute advantage, comparative advantage, and opportunity costs
Explain the gains of trade created when a country specializes
- Subject:
- Applied Science
- Material Type:
- Module
- Date Added:
- 08/21/2018
Unrestricted Use
CC BY
- Material Type:
- Unit of Study
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
By the end of this section, you will be able to:
Discuss the importance of studying economics
Explain the relationship between production and division of labor
Evaluate the significance of scarcity
- Subject:
- Applied Science
- Material Type:
- Module
- Date Added:
- 08/21/2018