ECO 561 Week 5 Assignment Comparative and Absolute Advantage

Purpose of Assignment

This assignment will help students master 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 Steps

Resources: 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 1,050-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:Analyze measures of economic growth and of comparative and absolute advantage in international trade.
    • USA
    • Australia
    • Canada
    • China
    • Saudi Arabia
    • Democratic Republic of Congo
    • France
    • Germany
    • Great Britain
    • Italy
    • Japan
  • Use tables and/or graphs to compare the following economic statistics/indicators of your three chosen countries for the most recent year available and for 2009 (the trough of the last economic cycle):Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
    • Country Real GDP
    • Country CPI
    • Country Real Exports
    • Country Real Imports
    • Country Unemployment Rate
    • Country Industrial Production
  • Discuss the following for each country:
    • At least two products that have provided the country 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.

    Cite a minimum of three peer-reviewed sources.

    Format the assignment consistent with APA guidelines.

    Purpose of Assignment

    This assignment will help students master 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 Steps

    Resources: 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 1,050-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:Analyze measures of economic growth and of comparative and absolute advantage in international trade.
      • USA
      • Australia
      • Canada
      • China
      • Saudi Arabia
      • Democratic Republic of Congo
      • France
      • Germany
      • Great Britain
      • Italy
      • Japan
    • Use tables and/or graphs to compare the following economic statistics/indicators of your three chosen countries for the most recent year available and for 2009 (the trough of the last economic cycle):Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
      • Country Real GDP
      • Country CPI
      • Country Real Exports
      • Country Real Imports
      • Country Unemployment Rate
      • Country Industrial Production
    • Discuss the following for each country:
      • At least two products that have provided the country 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.

      Cite a minimum of three peer-reviewed sources.

      Format the assignment consistent with APA guidelines.

      Purpose of Assignment

      This assignment will help students master 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 Steps

      Resources: 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 1,050-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:Analyze measures of economic growth and of comparative and absolute advantage in international trade.
        • USA
        • Australia
        • Canada
        • China
        • Saudi Arabia
        • Democratic Republic of Congo
        • France
        • Germany
        • Great Britain
        • Italy
        • Japan
      • Use tables and/or graphs to compare the following economic statistics/indicators of your three chosen countries for the most recent year available and for 2009 (the trough of the last economic cycle):Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
        • Country Real GDP
        • Country CPI
        • Country Real Exports
        • Country Real Imports
        • Country Unemployment Rate
        • Country Industrial Production
      • Discuss the following for each country:
        • At least two products that have provided the country 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.

        Cite a minimum of three peer-reviewed sources.

        Format the assignment consistent with APA guidelines.

        Purpose of Assignment Purpose of Assignment

        This assignment will help students master 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. This assignment will help students master 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 Steps Assignment Steps

        Resources: 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. Resources: 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 1,050-word analysis of the international economy in which you do the following: Develop a minimum 1,050-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:Analyze measures of economic growth and of comparative and absolute advantage in international trade.
          • USA
          • Australia
          • Canada
          • China
          • Saudi Arabia
          • Democratic Republic of Congo
          • France
          • Germany
          • Great Britain
          • Italy
          • Japan
        • Use tables and/or graphs to compare the following economic statistics/indicators of your three chosen countries for the most recent year available and for 2009 (the trough of the last economic cycle):Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
          • Country Real GDP
          • Country CPI
          • Country Real Exports
          • Country Real Imports
          • Country Unemployment Rate
          • Country Industrial Production
        • Discuss the following for each country:
          • At least two products that have provided the country 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.
        • 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:Analyze measures of economic growth and of comparative and absolute advantage in international trade.
          • USA
          • Australia
          • Canada
          • China
          • Saudi Arabia
          • Democratic Republic of Congo
          • France
          • Germany
          • Great Britain
          • Italy
          • Japan
          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:Analyze measures of economic growth and of comparative and absolute advantage in international trade.
          • USA
          • Australia
          • Canada
          • China
          • Saudi Arabia
          • Democratic Republic of Congo
          • France
          • Germany
          • Great Britain
          • Italy
          • Japan
        • USA
        • Australia
        • Canada
        • China
        • Saudi Arabia
        • Democratic Republic of Congo
        • France
        • Germany
        • Great Britain
        • Italy
        • Japan
        • Use tables and/or graphs to compare the following economic statistics/indicators of your three chosen countries for the most recent year available and for 2009 (the trough of the last economic cycle):Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
          • Country Real GDP
          • Country CPI
          • Country Real Exports
          • Country Real Imports
          • Country Unemployment Rate
          • Country Industrial Production
          Use tables and/or graphs to compare the following economic statistics/indicators of your three chosen countries for the most recent year available and for 2009 (the trough of the last economic cycle):Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
          • Country Real GDP
          • Country CPI
          • Country Real Exports
          • Country Real Imports
          • Country Unemployment Rate
          • Country Industrial Production
        • Country Real GDP
        • Country CPI
        • Country Real Exports
        • Country Real Imports
        • Country Unemployment Rate
        • Country Industrial Production
        • Discuss the following for each country:
          • At least two products that have provided the country 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.
          Discuss the following for each country:
          • At least two products that have provided the country 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.
        • At least two products that have provided the country 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.
        • Cite a minimum of three peer-reviewed sources. Cite a minimum of three peer-reviewed sources.

          Format the assignment consistent with APA guidelines. Format the assignment consistent with APA guidelines.

Answers

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