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05.04: Why Do Countries Trade?

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05.04 Trade Analysis—Template
Name: Rebecca M Houck Instructor: Ms. Lord

Use the chart in the lesson to identify one developing country and one developed country to compare to the United States. Use the tables below to record data for each country. Then respond to the analysis questions.

Table 1: Identify one developing and one developed country along with the United States. Complete a trade analysis for agricultural products.

Corn Citrus Number of additional worker hours to produce one unit of citrus instead of one unit of corn

United States 2 4 2
Developing Country
South Africa 6 10 4
Developed Country
Romania 8 10 2

Table 2: Identify one developing country and one developed country along with the United States. Complete a trade analysis for industrial products.

Apparel Computer Software Number of additional worker hours to produce one unit of computer software instead of apparel
United States 2 4 2
Developing Country
South Africa 4 12 8
Developed Country
Romania 6 8 2

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.

The chart here is showing us that the U.S. and Romania is more...

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