Concepts:

1. Absolute advantage
2. Opportunity cost
3. Comparative advantage

Please use one of concepts above to finish the requirement:

1. State a concept.
2. Explain the concept in your own words. Suggestion: try to explain as if you were explaining it to a 5-year old child--if you can do this you got it!
3. Explain the event you did not understand our found puzzling; if/when appropriate, share a link with the class (this page shows you how to post a working hyperlink). Note: the words in the hyperlink do not count towards the 150-word limit!
4. Explain how the economic concept you learned helped you make sense of the event you did not understand or found puzzling.