Reference no: EM131289888
Comparative and Absolute Advantage Team Assignment
Develop a 1,750-word analysis of the international economy in which you do the following:
• Analyze measures of economic growth, and comparative and absolute advantage in international trade for the following countries:
o USA
o China
o Saudi Arabia
o Democratic Republic of Congo
• 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.
• Compare the following using tables or graphs, for most recent year available and for 2009 (the trough of the last economic cycle):
o Country GDP per Capita
o Country GDP as a % of World GDP
o Country exports per capita
o Country exports as a % of GDP
o Country exports as a % of World exports.
o Country imports per capita
o Country imports as a % of GDP
o Country imports as a % of World imports (world imports = world exports)
• 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:
o At least two products that have provided the country an absolute advantage in trade (if any)
o At least two products that have provided the country a comparative advantage in trade
o Factors that have prevented a country from achieving either
Cite a minimum of three peer reviewed sources.
Format the assignment consistent with APA guidelines.
|
Determine its bulk modulus of elasticity
: A liquid in a cylinder has a volume of 1200 cm3 at 1.25 MPa and a volume of 1188 cm3 at 2.50 MPa. Determine its bulk modulus of elasticity.
|
|
Networking knowledge of the office staff
: Mark is in charge of a small network and wants to make it simple but secure. The users want to have full control over their data and still be able to share data with the rest of the office. The networking knowledge of the office staff is basic. Wh..
|
|
Write an entire short story
: Watch the video Six Tips for Writing Six-Word Memoir and write your own 6-word Miami memoir (anything about your life here)
|
|
Determine the bulk modulus of elasticity
: The bulk modulus of elasticity for water is 2.205 GPa. Determine the change in pressure required to reduce a given volume by 0.75%.
|
|
Evaluate the stage in lifecycle for each countrys economy
: 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).
|
|
Determine the percentage decrease in its volume
: Water in a container is originally at 100 kPa. The water is subjected to a pressure of 120 MPa. Determine the percentage decrease in its volume.
|
|
Tables in the justlee books database
: To perform these assignments, refer to the tables in the JustLee Books database. Generate and test two SQL queries for each of the following tasks: a) the SQL statement needed to perform the stated task with the traditional approach, and b) the SQL..
|
|
How much of what we see in a photograph is real
: What do you think the world would be like without photography? How much of what we see in a photograph is real? What do you feel are the "truthful" qualities of photography?
|
|
How moving toward people look in interpersonal relationship
: Take at least one of these categories and form a narrative exploring how Moving Towards People might look in an interpersonal relationship?
|