S E14: Gains From Trade - Why Ringo played the drums
Think Like An Economist
The Opportunity Cost of Playing the Drums
Think like an economist with Betsy stevenson and Nasteran tavacoly far. The opportunity cost of playing drums was lowest for ringo as he wouldn't be playing anything else if not drumming. If we can figure out how to assign each task so that it's done at the lowest opportunity cost, then we'll be able to get more done. This is the idea we call comparative advantage.
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