Question
Collect Data Use the chart below to identify one developing country (choose Country A or Country B) and one developed country (choose Country C or
- Collect Data
Use the chart below to identify onedevelopingcountry (choose Country A or Country B) and onedevelopedcountry (choose Country C or Country D) to compare to the United States.Use thistemplateto record data from the chart for each country and then complete the analysis.Additional research is not required to complete thisassignment.Please use only the information provided in the chart for countries A, B, C, D, and the United States.
Note that worker hours to produce one unit is a measure of productivity.The lower the worker hours to produce one unit, the more productive workers are in that country.This may be considered an advantage.
worker hours per unit = worker productivity
Worker Hours to Produce One Unit
Country | United States | Country A Developing | Country B Developing | Country C Developed | Country D Developed |
---|---|---|---|---|---|
CORN (Worker hours to produce one unit) | 2 | 6 | 8 | 2 | 4 |
CITRUS (Worker hours to produce one unit) | 4 | 10 | 10 | 6 | 8 |
APPAREL (Worker hours to produce one unit) | 2 | 4 | 6 | 2 | 2 |
COMPUTER SOFTWARE (Worker hours to produce one unit) | 4 | 12 | 8 | 8 | 4 |
- AnalysisUsing the data you recorded, answer each of the following analysis questions in well-written paragraphs in your own words.
- Identify an example ofabsolute advantagerelative to the United States from your data tables.Be sure to identify which country has absolute advantage (United States or country A, B, C, D), the product, and data to support your claim.Tip:When considering absolute andcomparative advantage, worker hours to produce one unit is a reflection of productivity.
- Identify an example of comparative advantage relative to the United States from your data tables.Be sure to identify which country has comparative advantage (United States or country A, B, C, D), the product, and data to support your claim.
- Explain why most trade occurs because of comparative advantage.Be sure to provide examples from the data tables or from thelessonto support your answer.
https://lti.flvsgl.com/flvs-cat-content/udd6gf5h912h9jc37cm9240bfu/flvs-cat-session/econ_v19/module05/lesson04/pop/05_04_03/05_04_03_pop01.htm
ignore those wording choices. Not using for my own work.
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