Assignment Instructions/ Description
Comparative and Absolute AdvantageInstructions:
Purpose of Assignment
This assignment will help students use research and other analytical skills and will help students recognize reasons why economic growth varies by country. By using macroeconomic indicators, students will complete analysis and determine comparative and absolute advantage in different product categories for each country's economy.
Assignment StepsResources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.
Develop a minimum 300-word analysis of the international economy in which you do the following:
• As a team, choose three countries from the list below. Research each country, using resources such as the CIA World Fact Book, World Bank data, World Trade Organization (WTO), and the Federal Reserve Bank. Research each of your three chosen country's economic,political, and cultural development:
• USA• Canada (-Junior)• China
• Discuss the following for Canada: (Country #1) CANADA
• At least two products that have provided CANADA an absolute advantage in trade (if any).• At least two products that have provided the country a comparative advantage in trade.• Factors that might have prevented any of your three chosen countries from achieving absolute and/or comparative advantages.
The analysis needs to be clear and straight to the point. Paper does not need an introduction or a conclusion. I just need the bullets covered. Cite a minimum of two peer-reviewed sources.
Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
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