Social Studies, 18.10.2020 08:01 lillianradecki

Why Do Countries Trade? Chart is attached.

1. Collect Data (Chart Attached)
Use the chart below to identify one developing country and one developed country to compare to the United States. Use this template to record data for each country and complete the analysis.

The chart contains basic data for the United States, two developing countries, and two developed countries, including top agricultural and industrial goods and the worker hours to produce one unit. 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.

2. Analysis—Using the data you collected, answer each of the following analysis questions in well-written paragraphs in your own words.

A. Identify an example of absolute advantage relative to the United States from your data tables. Be sure to identify which country has absolute advantage (U. S. or other), the product, and data to support your claim. Tip: When considering absolute and comparative advantage, worker hours to produce one unit is a reflection of productivity.

B. Identify an example of comparative advantage relative to the United States from your data tables. Be sure to identify which country has comparative advantage (U. S. or other), the product, and data to support your claim.

C. Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or from the lesson to support your answer.

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Why Do Countries Trade? Chart is attached.

1. Collect Data (Chart Attached)
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