You are the president of a small country and you are hoping to invest in a new industry. You have the opportunity to invest in growing oranges to export overseas or you could let your neighbors take over that industry while you invest in producing something else.

Based on the information in the table above, would you rather invest in growing oranges in your country or invest in something else? Explain your decision in a short paragraph.

I WILL GIVE YOU 100 POINTS

CLIMATE
Your country has a dry, desert climate, and your neighbors have a warm, rainy climate.
COSTS
Your country is able to grow oranges at a cost of 35 cents a pound, and your neighbors can grow them for 10 cents a pound.
SKILLS
Most citizens in your country are trained in the service industry, and most of your neighbors’ citizens are trained in agriculture and farming.

The climate is very good and very suitable for oranges. I would make be making very good profit that will boost my economy and have valuable international trade that can possibly be to good use. Most of my citizen are also very skilled , this means that jobs and position will be filled and most likely the oranges will thrive under their care.

Explanation:

My country should probably choose to invest in producing a different trade good to export. My neighbors have a warm, rainy climate that might be better for growing oranges. My neighbors can also produce oranges more cheaply. Finally, my neighbors have many citizens who are already trained and skilled at agriculture and farming. Each of these factors shows that my neighbors are better suited to specialize in producing oranges. My country should find a different product to invest in trading.

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the answer is 250 percent.

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