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Charts

Analysis continued...

Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or the lesson to support your answer.

Most trade occurs because of comparative advantage because some countries produce good and services faster than others. This becomes beneficial towards both of the countries since they'll receive the resources they need. For example, Ireland could trade corn and citrus with the U.S since they produce more and Brazil could trade computer software with the U.S since they produce more.

Analysis

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 1 unit is a reflection of productivity.

An example of absolute advantage to the U.S would be that Ireland produces more corn and citrus.

Analysis continued...

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 the data to support your claim.

An example of comparative advantage relative to the U.S would be that Brazil produces more computer software.

05.04 Why do Countries Trade

by Jessica Welner

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