Econ 15600 Video Project

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Storyboard Description

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Storyboard Text

  • Adam & Joe work at same company
  • Adam is the best at X & Y but has to pick one or the other (Explain opportunity cost for doing X and Y)
  • Joe can do both as well but does better at Y than X explain opportunity cost difference
  • Explain who has the absolute and comparative advantages
  • State that Adam has been told to do X b/c his opportunity cost is lower and can do more X than Y
  • State that Joe has been told to do Y b/c even though he is not the best at it his boss likes him as a person and wants him to be a productive employee.
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