User Account

All Pages

Why the economic growth of the three countries varies

Assignment Help Macroeconomics
Reference no: EM131519358

Assignment: Comparative and Absolute Advantage

Purpose of Assignment

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

Resources: Tutorial help on Excel and Word functions can be found on the MicrosoftOffice website. There are also additional tutorials via the web offering support for Office products.

Develop a minimum 1,050-word analysis of the international economy in which you do the following:

• As a team, choose three countries from the list below. Research each country, 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:Analyze measures of economic growth and of comparative and absolute advantage in international trade.

o USA
o Australia
o Canada
o China
o Saudi Arabia
o Democratic Republic of Congo
o France
o Germany
o Great Britain
o Italy
o Japan

• Use tables and/or graphs to compare the following economic statistics/indicators of your three chosen countries for the most recent year available and for 2009 (the trough of the last economic cycle): Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?

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

• 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 might have prevented any of your three chosen countries from achieving absolute and/or comparative advantages.

Cite a minimum of three peer-reviewed sources.

Format the assignment consistent with APA guidelines.

Reference no: EM131519358

Questions Cloud

Difference between a qualitative and quantitative analysis : What is the difference between a qualitative and quantitative analysis
Categorize the type of economy that exists in your country : Categorize type of economy that exists in your selected country as closed, mixed, or market. Evaluate any competitors' existing production in chosen country.
Evaluate the proposed acquisition of a new special : You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $70,000.
Prepare the income statement : Tar Heel Corporation provides the following information at the end of 2012.
Why the economic growth of the three countries varies : Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
The ibm design teams use of boothroyd-dewhurst dfma : What was the end result of the IBM design team's use of Boothroyd-Dewhurst DFMA principles, when they applied them to their LaserPrinter?
How can employees avoid biting on a phish : How can employees avoid "biting" on a "phish?" How should employees report phishing attacks? Why is immediate reporting critical to stopping the attackers?
Discuss the economic entity and monetary unit : The four underlying assumptions of generally accepted accounting principles are economic entity, monetary unit, periodicity, and going concern.
Designing databases with visio professional : If you're using Visio, see "Appendix A: Designing Databases with Visio Professional 2010: A Tutorial" to help you complete Section 1: Modified Visio Database

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd