Reflection questions and their respective Video links:

Production Possibilities Frontier. Retrieved from https://www.khanacademy.org/science/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/production-possibilities-frontierLinks to an external site.

1)What is the law of increasing opportunity cost? 2) Does the law of increasing opportunity cost apply for the Production Possibilities Frontier in the case of Rabbits and Berries? 3) If the opportunity cost of Rabbits with respect to Berries (and/or vice versa) was constant, what would the PPF look like?

Comparative Advantage Specialization and Gains from Trade. Retrieved from https://www.khanacademy.org/science/microeconomics/choices-opp-cost-tutorial/gains-from-trade-tutorial/v/comparative-advantage-specialization-and-gains-from-trade Links to an external site..

Why is opportunity cost essential in the determination of comparative advantage?

Comparative Advantage and Absolute Advantage. Retreived from https://www.khanacademy.org/science/microeconomics/choices-opp-cost-tutorial/gains-from-trade-tutorial/v/comparative-advantage-and-absolute-advantageLinks to an external site.

From an economics viewpoint, why is comparative advantage a more appropriate measure than absolute advantage?