#Economics 101 ~ Absolute Advantage, Comparative Advantage, and the PPF

1 Oct

*As always, this is not intended to be professional advice. This was written with ESL students in mind, designed for a basic #Economics class. We simply hope that it may be helpful to other students trying to understand the concept.

UNDERSTANDING THE PPF

PPF.jpg

The two lines you see up above are called Product Possibility Frontiers or the PPF.

Situation: Vietnam (越南) and Thailand (泰国) both are given $500 to make Swords (剑) or Bows & Arrows (弓箭). Because their money is limited (有限) (there is an end to the money), both countries need to decide how many they should make. Problem: if they spend money on swords, that means less money for bows and arrows. And if they spend money on bows and arrows, that means less money available for swords. It’s a CHOICE (or in economics — a TRADE-OFF).

They have three choices: 1) Make only Swords. 2) Make only Bows and Arrows. 3) Make some of both.

The green line (Vietnam) shows all the possible combinations (组合) that Vietnam can make if it uses ALL the money ($500). Continue reading

Garaging in Style! #streetart

29 Sep

Little Garage #Art 😃

I Love my Darlings!

29 Sep

You know why I love my job? Because of the amazingly sweet and tender-hearted students I meet. I recently posted a ‘Happy Birthday’ to my mom. More than 300 of the students responded with Best wishes and love. 😍💕 Hearts of gold I tell ya!

#Didi Safety Updates #Technews

9 Sep

#Didi updated for #security! Some of you may know that Didi’s #ridesharing service has had safety concerns, with a couplecwonen raped and killed, and many more reporting assaults.

To help address the issue, Didi has added two new features.

1. #Police button to immediately call police if you’re in trouble

2. Safety Center – has several features though I’m not sure what they’re all for.

Hopefully it makes Didi safer!

#Didi Safety Updates #Technews

5 Sep

#Didi updated for #security! Some of you may know that Didi’s #ridesharing service has had safety concerns, with a couplecwonen raped and killed, and many more reporting assaults.

To help address the issue, Didi has added two new features.

1. #Police button to immediately call police if you’re in trouble

2. Safety Center – has several features though I’m not sure what they’re all for.

Hopefully it makes Didi safer!

The Streets ran red with . . . . #Fireworks! – #ChinaAdventures

3 Sep

Can you tell it was the

‘day when #fairies give luck to people who shoot #fireworks’

the other day 😂

Life is Beautiful 🌼 #GoodDays

2 Sep

Awww – sweet guy at Starbucks wrote this for me!

Danger Will Robinson! #Deathtrap

27 Aug

This is the hallway to my classroom each day – because #safety and #health are, like, so passe! 😅
Yesterday they had a machine spraying the ceiling and made all the kids walk underneath the spraying machine while its running and showering them in #chemicals. Today the #marble floors were all soaked. Have you ever walked on wet marble? #China has an old Love affair with the stuff, but when wet it turns into a slip-n-slide. 😂
Meanwhile, we’re all sitting around breathing the chemicals all day during class.

Lol, I need this intensive to be finished. 😛

All Rise for the Monthly Reading of the Cute Boy Band Memorandum!

25 Aug

Someone’s Hot Guys Magazine came in yesterday!
And by someone, I mean the 3 female students sitting in front of me in the auditorium. And by hot guys, I mean a boy band group of some type. Three magazines filled with pictures of the boy band group being all awesome and, according to a credible source (aka Girl #1) ‘wow!’. The girls were so excited, sharing the magazines between them and already folding down faves. Then break struck and the rest of their crew arrived to check it out. Lol, I haven’t seen so much fangirling since the tall French boy came for study abroad and had the girls hanging out in the Bridge Café to watch him. 🤣😂
#TeachingisFun #TheYoungandtheRestless #GoogleyEyes #Fangirls

sailor moon wow GIF

 

Walking on Water

24 Aug

Braving the #Busan ocean walk! The glass part was creepy too – Especially after I realized part of the first layer had broken off. 😱
Actually it was a lot of fun!

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