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Download 05.04 Trade Analysis--Template Name Use the chart in the lesson to
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05.04 Trade Analysis—Template Name __________________________________________Instructor___________________________________ 1. 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 United States Citrus Number of additional worker hours to produce one unit of citrus instead of one unit of corn _____________________ ____________________ ___________________________________________ _____________________ ____________________ ___________________________________________ _____________________ ____________________ ___________________________________________ Developing Country Developed Country 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 _____________________ _____________________ ___________________________________________ Developing Country ____________________ Developed Country _____________________ _____________________ ____________________________________________ _____________________ ____________________________________________ 2. Analysis—Using the data you collected, answer each of the following analysis questions in well-written paragraphs in your own words. A. 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. 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.
