Aerobic vs. Anaerobic. To understand the relationship between weights and calories, you need to know the difference between aerobic and anaerobic exercise. Sustained aerobic exercise, like steady jogging or cycling, is low intensity and can thus be done for a longer period of time.
absolute advantage. In the theory of international trade, a country or firm has an absolute advantage if it can produce a product (good or service) more 'efficiently' (cheaply) than others. First suggested by the UK economist Adam Smith (1723-90) as an extension of his division of labor doctrine. See also absolute cost advantage and competitive advantage.
What I want to do in this video is make sure we understand the difference between comparative advantage and absolute advantage. What we saw in the last video is that Patty had a comparative advantage in plates relative to Charlie because her opportunity cost of producing one plate was lower than Charlie's opportunity cost of producing a plate.