Do you have an absolute or comparative advantage in doing something over someone else
Economics Lesson 9
Need a strong paragraph that explains household chores that will relate to the Law of Comparative advantage
List
1. a. household chore.
2 b.. household chore.
.3. Explain absolute advantage. Give an example.
4. Do you have an absolute or comparative advantage in doing something over someone else?
5. Explain why countries engage in commercial trade. give an example. 3 sentences written in Academic English
And
Lesson 11.
1. List 5 public goods you have utilized the past month. put a yes or no next to each, if this public good could have been obtained through the private sector. Do you think it is better for the public if these goods are provided by the government or by private parties? why or why not?
2. What dies government subsidize public transportation when most people do not use it?
Is there public transportation in your community? what type? Why should a person use public transportation if he or she does not have to?
3. What are some of the government provided goods or services that you have benefited from but that you or your family have not directly paid for?
4. What are some goods or services provided or subsidized by the government that help give equal access to all citizens of the United States?
5. Do you think it helps or hurts the economy what government subsidizes a product? Give an example of a situation when it helps some people and hurts other people when a product is subsidized.
Answer preview to do you have an absolute or comparative advantage in doing something over someone else
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