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  • Robert Schenk, PhD
Comparative Advantage
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Educational Use
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Article with charts and links to related material discusses how free trade is a result of comparative advantage, and how consumers can consume beyond their original production possibilities frontier if they specialize and trade.

Subject:
Social Studies
Material Type:
Textbook
Provider:
Robert Schenk, PhD
Date Added:
08/07/2023
Monopolistic Competition
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Educational Use
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E-learning site uses an example of "pushcarts on the beach" to demonstrate a monopolistically competitive market structure and how, as more firms enter the market, price, quantity, and deadweight loss are all affected.

Subject:
Financial Literacy
Social Studies
Material Type:
Textbook
Provider:
Robert Schenk, PhD
Date Added:
08/07/2023