7, 0 S: 15 In the past half century, some developing countries have experienced major compositional shifts from exports of prim ary products (including agricultural and raw materials) to exports of manufactures. How might you explain this in term s of broad historical developments during this period? 1. OSMA: 10 Use the information in the table below to answer the following questions. (a)Does either country have an absolute advantage in the production of wheat or beef? Explain. (b)What is the opportunity cost of wheat in each country? (c)What is the opportunity cost of beef in each country? (d)Analyze comparative advantage and opportunities for trade between the U.S. and Argentina. unit of Lab U.S. 300 100 7, 0 S: 15 In the past half century, some developing countries have experienced major compositional shifts from exports of prim ary products (including agricultural and raw materials) to exports of manufactures. How might you explain this in term s of broad historical developments during this period? 1. OSMA: 10 Use the information in the table below to answer the following questions. (a)Does either country have an absolute advantage in the production of wheat or beef? Explain. (b)What is the opportunity cost of wheat in each country? (c)What is the opportunity cost of beef in each country? (d)Analyze comparative advantage and opportunities for trade between the U.S. and Argentina. unit of Lab U.S. 300 100