{"id":966,"date":"2015-04-30T23:18:38","date_gmt":"2015-04-30T23:18:38","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymicro1xngcxmaster\/?post_type=chapter&#038;p=966"},"modified":"2015-07-11T15:46:01","modified_gmt":"2015-07-11T15:46:01","slug":"learning-outcome-comparative-and-absolute-advantage","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/atd-herkimer-microeconomics\/chapter\/learning-outcome-comparative-and-absolute-advantage\/","title":{"raw":"Outcome: Comparative and Absolute Advantage","rendered":"Outcome: Comparative and Absolute Advantage"},"content":{"raw":"<h2>What you\u2019ll learn to do: define and calculate comparative and absolute advantage<\/h2>\r\nIn this section, you will learn about the basics behind international trade and why it is helpful for countries to specialize in production of particular\u00a0goods or services.\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include the following:\r\n<ul>\r\n\t<li>Reading:\u00a0Introduction to International Trade<\/li>\r\n\t<li>Reading: Absolute Advantage<\/li>\r\n\t<li>Reading:\u00a0Absolute and Comparative Advantage<\/li>\r\n\t<li>Reading: Intra-Industry Trade<\/li>\r\n\t<li>Reading: Reducing Barriers to Trade<\/li>\r\n\t<li>Self Check: Comparative and Absolute Advantage<\/li>\r\n<\/ul>\r\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you\u2019ll learn to do: define and calculate comparative and absolute advantage<\/h2>\n<p>In this section, you will learn about the basics behind international trade and why it is helpful for countries to specialize in production of particular\u00a0goods or services.<\/p>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include the following:<\/p>\n<ul>\n<li>Reading:\u00a0Introduction to International Trade<\/li>\n<li>Reading: Absolute Advantage<\/li>\n<li>Reading:\u00a0Absolute and Comparative Advantage<\/li>\n<li>Reading: Intra-Industry Trade<\/li>\n<li>Reading: Reducing Barriers to Trade<\/li>\n<li>Self Check: Comparative and Absolute Advantage<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-966\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t 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