Corn
|
Citrus
|
Number of additional
worker hours to produce
one unit of citrus instead
of one unit of corn
| |
United States
|
2
|
4
|
Higher
|
Developing Country South Africa
|
6
|
10
|
Lower
|
Developed Country Romania
|
8
|
10
|
Lower
|
Table 2: Identify one developing country and one developed country along with the United States. Complete a trade analysis for industrial products.
Apparel
|
Computer Software
|
Number of additional
worker hours to produce
one unit of computer
software instead of apparel
| |
United States
|
2
|
4
|
Lower
|
Developing Country South Africa
|
4
|
12
|
Higher
|
Developed Country Romania
|
6
|
8
|
Lower
|
(A) Romania a developing country has an absolute advantage with corn and citrus compared to The united states
(B)South Africa can produce faster and cheaper than the U.S
( C ) Most trade Happens because of comparative advantage because of the countries that trade will benefit from each other
