Collect Data
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.

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

Question

La7ureP6ringheshell La7ureP6ringheshell

12-08-2016
English

contestada

Collect Data
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.

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
Analysis—Using the data you collected, answer each of the following analysis questions in well-written paragraphs in your own words.
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.
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.
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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taskmasters taskmasters · Answer 1 · 2016-08-14T19:04:00+02:00

Developing       Developed
  United States Country A Country B Country C   Country D
Corn 2 6     8 2 4
Citrus 4 10   10 6 8
Apparel   2   4 6 2 2
Computer Software
4 12 8 8 4

An absolute advantage occurs when a country requires less resources to produce high number of outputs than other countries.

Looking at the table of data, the United States has absolute advantage over all other countries. It produces more at lesser time.

The United States also has comparative advantages over other countries because each product they produce cost them less than what other countries spend in producing the same product.