Question B. (5 points) The following is a ranking of tractor export values by country as...
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Question B. (5 points) The following is a ranking of tractor export values by country as of 2020. 1. Germany: US$7.7 billion (16.8% of total exported tractors) 2. Mexico: $6.5 billion (14.2%) 3. Netherlands: $4.8 billion (10.5%) 4. United States: $4 billion (8.7%) Mexico ranks higher than the U.S. in tractor exports, beating the U.S. by over $2 billion, and the U.S. imports far more tractors from Mexico than Mexico does from the U.S. Do you think is primarily due to Mexico having an absolute advantage in tractor production or a comparative advantage? Explain. Question B. (5 points) The following is a ranking of tractor export values by country as of 2020. 1. Germany: US$7.7 billion (16.8% of total exported tractors) 2. Mexico: $6.5 billion (14.2%) 3. Netherlands: $4.8 billion (10.5%) 4. United States: $4 billion (8.7%) Mexico ranks higher than the U.S. in tractor exports, beating the U.S. by over $2 billion, and the U.S. imports far more tractors from Mexico than Mexico does from the U.S. Do you think is primarily due to Mexico having an absolute advantage in tractor production or a comparative advantage? Explain.
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