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Comparative and absolute advantage assignment help
- Discuss reasons why the economic growth of the four countries varies so markedly. How does trade influence the strength of the economy worldwide?
- Determine the stage in the lifecycle for each country’s economy.
- 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 have prevented a country from achieving either
Cite a minimum of three peer reviewed sources.
Format the assignment consistent with APA guidelines.
- Research each country, using such resources as the CIA World Fact Book, World Bank data, and World Trade Organization. Research its economic, political, and cultural development.