Chapter Journaling #3

All in all, this chapter was a really interesting read. This chapter's focus was on opportunity cost, comparative advantages, and absolute advantages. The one thing that really surprised about how trade can benefit somebody even though they have an absolute advantage in producing the goods involved in the trade. I would give this chapter a difficulty rating of 1. I found this chapter easy because not only was it a short chapter (11 pages), but there were many examples given in the text to explain the concepts. The Tiger Woods mowing lawns, rancher and farmer situation, and the U.S. and Japan relationship were great examples that made the concept seem relatively easy.