ECO2013 MOD 3 Discussion

Learning Goal: I’m working on a macro economics discussion question and need an explanation and answer to help me learn.

First, watch these videos in addition to the lecture videos made by your instructor:

Trade is Made of Win, Part 1: (Links to an external site.)

Trade is Made of Win, Part 2: (Links to an external site.)

Trade is Made of Win, Part 3: (Links to an external site.)

Then, think of something in your own life that you had to do recently where you made a trade of some sort with a person (or persons), which enabled both of you use the principle of comparative advantage to conserve resources (any resource, including money, time, land, energy, etc.). Describe what you did, and discuss who had comparative advantage in each activity. Did either of you have absolute advantage in either activity? You can use numbers to help illustrate your example, but it isn’t required. Remember, to have comparative advantage, you are only looking at what you are “least bad” at doing when comparing YOUR choices. You are NOT looking at what you are best at compared to someone else.

Some possible examples to get your brains working: allocating household chores between roommates, working on a group project, playing team sports, playing a video game with friends, etc.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Get 20% off your first order