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Comparative Advantage and Gains From Trade (Part 2)

This video continues an example that asks the question "Should a professor do his own typing?" It uses the concepts of comparative advantage and the production possibilites frontier to illustrate the potential gains from trade. This is the part 2 in a two-part series. For more information and a complete set of microeconomics videos, see http://www.economistsdoitwithmodels.com/microeconomics-101 by Economists Do It With Models
Length: 07:13

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