ᐅ LeBron vs. Lawncare: Why It’s All About Trade-Offs
Professor Jon Gruber explains that although LeBron James has an absolute advantage in both playing basketball and mowing his lawn, his comparative advantage is in basketball, illustrating that countries like Colombia and the U.S. should specialize where their opportunity cost is lower to gain from trade.
MIT OpenCourseWare
ᐅ LeBron vs. Lawncare: Why It’s All About Trade-Offs
Professor Jon Gruber explains that although LeBron James has an absolute advantage in both playing basketball and mowing his lawn, his comparative advantage is in basketball, illustrating that countries like Colombia and the U.S. should specialize where their opportunity cost is lower to gain from trade.
#NBA #LeBron #Economics #Microeconomics #ComparativeAdvantage #TradeOffs #NBA finals #AbsoluteAdvantage
2 months ago | [YT] | 73