Country B Developing Country C Developed Country D Developed Country A Developing Country United States CORN 2 4 (Worker hours to produce one unit) 4 10 CITRUS 10 6. (Worker hours to produce one unit) APPAREL 4 (Worker hours to produce one unit) 4 12 4 COMPUTER SOFTWARE 8 (Worker hours to produce one unit) 2.
a)Identify an example of
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.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
