{"id":559,"date":"2010-12-07T02:40:25","date_gmt":"2010-12-07T08:40:25","guid":{"rendered":"http:\/\/opengecko.com\/economics\/understanding-comparative-advantage\/"},"modified":"2010-12-07T02:40:25","modified_gmt":"2010-12-07T08:40:25","slug":"understanding-comparative-advantage","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/understanding-comparative-advantage\/","title":{"rendered":"Understanding Comparative Advantage"},"content":{"rendered":"<p><font size=\"4\">Having played the <a href=\"http:\/\/opengecko.com\/ib-economics\/economics-game-ricardo-coconuts-and-a-desert-island\/\" target=\"_blank\">desert island game<\/a>, you should be in a position to develop your understanding of an important economic concept which is used to support international trade. 2 videos should help. The first is a rough-and-ready video with an easy to access example:<\/font><\/p>\n<p> <object width=\"480\" height=\"385\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/9leliceP63c?fs=1&amp;hl=en_GB&amp;color1=0x234900&amp;color2=0x4e9e00\"><\/param><param name=\"allowFullScreen\" value=\"true\"><\/param><param name=\"allowscriptaccess\" value=\"always\"><\/param><embed src=\"http:\/\/www.youtube.com\/v\/9leliceP63c?fs=1&amp;hl=en_GB&amp;color1=0x234900&amp;color2=0x4e9e00\" type=\"application\/x-shockwave-flash\" allowscriptaccess=\"always\" allowfullscreen=\"true\" width=\"480\" height=\"385\"><\/embed><\/object>  <\/p>\n<p><font size=\"4\"><\/font><\/p>\n<p><font size=\"4\">Now, MJMFoodie gives an old but polished example, and introduces Adam Smith and David Ricardo\u2019s perspectives on these matters:<\/font><\/p>\n<div style=\"padding-bottom: 0px; margin: 0px; padding-left: 0px; padding-right: 0px; display: inline; float: none; padding-top: 0px\" id=\"scid:5737277B-5D6D-4f48-ABFC-DD9C333F4C5D:09103179-4434-47b4-85a2-932a64ebf017\" class=\"wlWriterEditableSmartContent\">\n<div><object width=\"480\" height=\"385\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/38hvvAzgXZY?hl=en&amp;hd=1\"><\/param><embed src=\"http:\/\/www.youtube.com\/v\/38hvvAzgXZY?hl=en&amp;hd=1\" type=\"application\/x-shockwave-flash\" width=\"480\" height=\"385\"><\/embed><\/object><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Having played the desert island game, you should be in a position to develop your understanding of an important economic concept which is used to support international trade. 2 videos should help. The first is a rough-and-ready video with an easy to access example: Now, MJMFoodie gives an old but polished example, and introduces Adam&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,10,13],"tags":[195,196],"class_list":["post-559","post","type-post","status-publish","format-standard","hentry","category-economics","category-ib-economics","category-igcse-economics","tag-international-economics","tag-trade"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}