Chapter 2 Discussion Topic

Please address the following questions in 200+ words total. Please use complete sentences, organize your post and proofread. You must post three times to each discussion forum and you will not be able to see other students' replies until you have posted your answer to my discussion question. See below for instructions.

1. Define Comparative Advantage and provide an example of a good/service that the U.S. produces because it has a comparative advantage compared to another country.
2. Go to the CIA World Factbook(Links to an external site.) and choose a country other than the United States.
3. Do some research and explain what goods and services your country specializes in producing and exporting (the data you need will be in the Economy link).
4. Explain why this country has a comparative advantage in producing these goods and services compared to another country and why. (You may want to check the other links on the website, like Geography, etc., to determine why they have a comparative advantage in these goods/services. Be sure to provide concrete examples and analysis = what exactly gives these countries a comparative advantage in production of these goods?)
5. What kinds of goods and services is this country most likely to import from other countries? Why doesn't this country produce these goods on their own?
6. Lastly, explain how this country benefits from trade.