Desiree Lopez
9/4/2018 05:30:46 pm
If one country is good at producing one thing and bad at producing another then they should just focus on what they are good at and trade with another county that is good at producing what you don't have.
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Mercedes Benz
9/4/2018 05:52:07 pm
The idea of comparative advantage is extremely valuable to production and reinforces the idea that if one country can produce more or a certain good without it costing them more than another country, then it's benefital to both trading parties for them to produce that certain product.
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Alyssa De La Teja
9/5/2018 05:18:50 pm
Comparative advantage is an efficient way to do business because it maximizes profit on goods that are manufactured making the economy stronger.
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AnnMarie Garcia
9/5/2018 07:05:47 pm
The video helped to explain more on how a country should stick more to what they are good at producing.
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Miranda Thor
9/5/2018 09:16:04 pm
If a country can produce more of an item with higher quality at a lower price then they should just focus on producing that item then trade with other countries for a better gain.
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Kou Thao
9/6/2018 07:03:12 am
If one country is good at producing one product they should just focus on it instead of using all their resources for more than one products.
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Hope James Lim
9/6/2018 12:38:25 pm
This video helped me understand comparative advantage a lot more!!!
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Carissa Kennedy
9/6/2018 08:44:58 pm
The video helped me learn about comparative advantage more
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Macaylah Thompson
9/8/2018 03:05:52 pm
watching this video, I understand more of what comparative advantage means. if one country is better at producing certain things than the other, then they should stick to that.
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Emily
9/9/2018 08:48:57 pm
This video helped me understand comparative advantage more by saying that if one country has specializes in a product more they should make the product instead of another country should.
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Sarah Johnson
9/10/2018 01:31:02 pm
This video helped solidify the concept of comparative advantage. Comparative advantage is when a good can be produced at a lower opportunity cost than a competitor.
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Andres Zuniga
9/11/2018 01:03:23 pm
Comparative advantage is the idea of if one country can be more efficient at making something than let them make it while another country does what they are more efficient at. This way of thinking makes things more efficient for everyone and easier because they are more skilled at it.
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Saul
9/11/2018 01:06:21 pm
Comparative advantage would be when a country can produce a good better then another countries without any opportunity cost
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Amanda Green
9/11/2018 01:07:00 pm
This video made a defined difference between comparative advantage and absolute advantage and gave geographical examples.
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Dyani Martinez
9/11/2018 01:13:40 pm
This video was extremely helpful because it helped me remember the difference between an output and an input equation.
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Sarah Johnson
9/11/2018 01:14:44 pm
A country that is able to produce a good cheaply and efficiently should focus their efforts on that. Also, if a country needs a different good, they should simply trade their specialty for another country's.
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Sebastian Borja
9/11/2018 01:16:24 pm
If a country has an absolute advantage then they should specialize in that product. The same is true of comparative advantage. If a country has the comparative advantage they should specialize in that product. That way everyone can have more of each product instead of only depending on their on output.
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Rose Xiong
9/11/2018 01:16:50 pm
The theory of absolute and comparative advantage strongly gives us another idea of what we learned in class. This video also helped me understand the differences between the two.
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Destiny
9/11/2018 01:19:01 pm
I learned that comparative advantage is a way of making a good/product can be specialized at a lower opportunity cost
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Joshua Granados
9/11/2018 01:20:21 pm
If a country is more efficient at making one good than another country even if they do have the absolute advantage then the country that has the comparative advantage should make that one good as they will have a higher output.
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Brandon Lee
9/11/2018 01:22:02 pm
Whatever product that a country can produce the best for the least amount of resources is what a country should specialize in.
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9/11/2018 01:22:31 pm
comparative advantage is when one country is better at making something than the other country is, so they focus on what they are good at, then trade.
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Desmick Latrell McElveen
9/11/2018 01:23:04 pm
This video made clear the differences of absolute advantage and comparative advantage. it lets us know that because of comparative advantage is the main reason why countries that have the absolute advantage still have to trade in terms of usage of resources.
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raymond
9/11/2018 01:24:38 pm
he explained how comparative advantage well and specified the difference between comparative and absolute advantage
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Mary
9/11/2018 01:39:20 pm
If you have a comparative advantage or absolute advantage you should specialize in that product.
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Anthony Zamarripa
9/11/2018 01:42:54 pm
The video explains how comparative and absolute advantage work economically
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Aliyah
10/15/2018 07:42:42 am
If one country buys a product from a country with comparative advantage versus another country suppling the same product they will save more because there most likely selling it for less because it takes less to make more and they are more efficient.
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