Grade 6-8, 9-12
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Activity
Comparative Advantage Interactive
Standards
In this economics interactive, students will be able to explore the benefits of specialization and trade.
Instructions
- The exercise involves two individuals, each capable of producing two different goods. Their names are randomly assigned from a list of names.
- You will see two names displayed inside colored boxes, representing the two individuals. Next to each name, there is a slider indicating the number of hours that person will work.
- Adjust the sliders by dragging them left or right to allocate the number of hours for each person. You can allocate a maximum of 6 hours to each person.
- As you move the sliders, the information about the number of goods produced by each person will update dynamically.
- Try to allocate the time in a way that maximizes the total number of goods produced by both individuals.
- If your allocation achieves the maximum production, a message will appear congratulating you and displaying the total number of goods produced.
Subjects:
Economics