Friday, November 13, 2009
Temple Archives
At the temple university my historical context group and i looked at pictures from 1977 of Dick Clark hosting american bandstand. I also looked at pictures of the community and the EL when it was running over ground in 1955. I had a great time looking at the pictures and I think i'd like to go back to the urban archives again.
Friday, November 6, 2009
Advantages
This week I learned about two different kinds of advantages.
Absolute advantage: is the ability to produce a good using fewer inputs than another producer.
Comparative advantage: is the ability to produce a good at a lower opportunity cost than another producer.
With what I've learned about the advantages I was able to get a good idea of what the production possibilities frontier was and how it works.
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