AP ECONOMICS: August 31 Learning Target In order to understand why people and countries specialize and trade, I will learn the principles of absolute.

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AP ECONOMICS: August 31 Learning Target In order to understand why people and countries specialize and trade, I will learn the principles of absolute and comparative advantage. I will know I have it when I can identify comparative advantage from differences in opportunity costs. Warm-up Using the PPC diagram (and labeling the axes “consumer goods” and “capital goods”), design a scenario: 1. illustrating the shifting of the PPC; and 2. where the PPC does not shift. --absolute and comparative advantage introduction --begin Activity 1-3 (HO)—Absolute and Comparative Advantage Assignment --Work on Activity 1-3 --read Module 5