Mises Daily

Understanding Comparative Advantage

Life of Fred

Editor’s note: The following is excerpted from the textbook Life of Fred: Pre-Algebra II with Economics by Stanley Schmidt.

Image
Understanding Comparative Advantage_209
Image
Understanding Comparative Advantage_210
Image
Understanding Comparative Advantage_211
Image
Understanding Comparative Advantage_212
Image
Understanding Comparative Advantage_213
Image
Understanding Comparative Advantage_214
Image
Understanding Comparative Advantage_215
Image
Understanding Comparative Advantage_216
Image
Understanding Comparative Advantage_217
Image
Understanding Comparative Advantage_218
Image
Understanding Comparative Advantage_219
Image
Understanding Comparative Advantage_220
Image
Understanding Comparative Advantage_221
All Rights Reserved ©
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute