Absolute Advantage, Comparative Advantage, and Specialization

Global Trade, Technology, and Economic Interdependence

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Calculate comparative advantage and explain how international specialization expands total global production and consumption possibilities.

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Global Trade, Technology, and Economic Interdependence

9th Grade · Social Studies · US-WY-SS

10 lessons

Goal

Evaluate the mechanics of international trade, absolute and comparative advantage, emerging digital technologies, and global economic interdependence.

10 lessons

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Absolute Advantage, Comparative Advantage, and SpecializationYou are here
Tariffs, Quotas, and Trade Policy DebatesUp next
Exchange Rates and International Currency MarketsNot started yet
Global Supply Chains and Economic InterdependenceNot started yet
Automation, Artificial Intelligence, and the Future of WorkNot started yet
The Digital Economy: E-Commerce and Financial TechnologyNot started yet
Telecommunications Infrastructure and the Global Knowledge EconomyNot started yet
Energy Technology Transitions and Wyoming's EconomyNot started yet
Technology Transfer and Global Economic DisparitiesNot started yet
Technological Innovations and Historical Economic RevolutionsNot started yet

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Learning standards covered

SS12.3.1Wyoming Social Studies Standards · 5th Grade

Analyze the impact of supply, demand, scarcity, prices, incentives, competition, and profits on what is produced, distributed, and consumed.