Comparative and Absolute Advantage

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Purpose of Assignment

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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 :

Research USA, CHINA and JAPAN 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.

  • Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?

Consider the following in your answer:

  • Country Real GDP
  • Country CPI
  • Country Real Exports
  • Country Real Imports
  • Country Unemployment Rate
  • Country Industrial Production

Cite a minimum of three peer-reviewed sources.

Format the assignment consistent with APA guidelines.

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