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Farhad begins typing his term paper on his new computer early one morning. After 8 hours of typing, he
notices that his wrists are stiff and very sore. The next morning, Farhad begins to finish his paper, but soon finds
his wrists hurt worse than last night. What is wrong?
Comparative Advantage
The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than others.
Specialize
To focus on a specific area of knowledge, skill, or production, often improving efficiency and quality in the process.
Produce
To create, manufacture, or grow goods and products.
Heckscher-Ohlin Model
An economic theory that proposes countries export what they can most efficiently and abundantly produce, based on their factor endowments of labor, capital, and resources.
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