Record Sheet One is part of the Stars and Triangles Game.

Round One: No Specialisation or Trade

 Country A _____________Country B _____________Total
Stars   
Triangles   

Total World Output = _____________

Opportunity Cost and Comparative Advantage

Country A _____________

Opportunity Cost = Sacrifice/Gain

Opportunity Cost: Stars: Triangles _____________
Opportunity Cost: Triangles: Stars _____________

Country B _____________

Opportunity Cost: Stars: Triangles _____________
Opportunity Cost: Triangles: Stars _____________

Therefore:

Comparative advantage in triangles = _____________
Comparative advantage in stars = _____________


Round Two: Specialisation and Trade

 Country A _____________Country B _____________Total
Stars   
Triangles   

Total World Output = _____________

Increase in World Output = _____________

Terms of Trade

_____________ Stars = _____________ Triangles

Country A Gain = _____________
Country B Gain = _____________