Read the Fine Print
Educational Use
In this lesson, students play the role of producers in two fictional countries, Acca and Dur. Students use production cards to construct production possibilities tables and graphs. These tables and graphs are used to discuss productivity, opportunity costs, and comparative advantage. Producers in each country discover that if they specialize and trade, they are able to produce and consume more goods than they would have been able to produce and consume on their own.
- Subject:
- Economics
- Social Science
- Material Type:
- Lecture
- Lesson
- Lesson Plan
- Provider:
- Federal Reserve Bank of St. Louis
- Provider Set:
- Economic Lowdown Lessons
- Date Added:
- 01/08/2021
