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 Microsoft® Office 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 (one from each group) 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: · Group 1 - USA · Group 2 - China · Group 3 - Colombia · Analyze measures of economic growth and of comparative and absolute advantage in international trade. · 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): · Country Real GDP · Country CPI · Country Real Exports · Country Real Imports · Country Unemployment Rate · Country Industrial Production · Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide? · Discuss the following for each country: · At least two products that have provided the country an absolute advantage in trade (if any). · At least two products that have provided the country a comparative advantage in trade. · 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.  Comparative and Absolute Advantage Grading Guide ECO/561 Version 12 3 Comparative and Absolute Advantage Grading Guide ECO/561 Version 12 Economics Copyright Copyright © 2017 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Learning Team Assignment: Comparative and Absolute AdvantagePurpose of Assignment This assignment will help students master research and othe ...

1. 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 Microsoft® Office 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 (one from each group) 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:
· Group 1 - USA
· Group 2 - China
· Group 3 - Colombia
· Analyze measures of economic growth and of comparative and
absolute advantage in international trade.
· 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):
· Country Real GDP
· Country CPI
· Country Real Exports
· Country Real Imports

2. · Country Unemployment Rate
· Country Industrial Production
· Discuss reasons why the economic growth of the three
countries varies. How does international trade influence the
strength of the economy worldwide?
· Discuss the following for each country:
· At least two products that have provided the country an
absolute advantage in trade (if any).
· At least two products that have provided the country a
comparative advantage in trade.
· 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.
Comparative and Absolute Advantage Grading Guide
ECO/561 Version 12
3
Comparative and Absolute Advantage Grading Guide
ECO/561 Version 12
Economics
Copyright
Copyright © 2017 by University of Phoenix. All rights reserved.
University of Phoenix® is a registered trademark of Apollo
Group, Inc. in the United States and/or other countries.
Microsoft®, Windows®, and Windows NT® are registered
trademarks of Microsoft Corporation in the United States and/or
other countries. All other company and product names are

3. trademarks or registered trademarks of their respective
companies. Use of these marks is not intended to imply
endorsement, sponsorship, or affiliation.
Edited in accordance with University of Phoenix® editorial
standards and practices.
Learning Team Assignment: Comparative and Absolute
AdvantagePurpose 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.
Resources Required
Tutorial help on Excel® and Word functions can be found on
the Microsoft® Office website. There are also additional
tutorials via the web offering support for Office products.
Grading Guide
Content
Met
Partially Met
Not Met
Comments:
Chose three countries from list below. Researched each country,
using resources such as the CIA World Fact Book, World Bank
data, World Trade Organization (WTO), and the Federal
Reserve Bank. Researched each country’s economic, political,
and cultural development:
· USA
· Australia

4. · Canada
· China
· Saudi Arabia
· Democratic Republic of Congo
· France
· Germany
· Great Britain
· Italy
· Japan
Analyzed measures of economic growth and of comparative and
absolute advantage in international trade.
Used tables and/or graphs to compare the following economic
statistics/indicators of three chosen countries for the most
recent year available and for 2009 (the trough of the last
economic cycle):
· Country Real GDP
· Country CPI

5. · Country Real Exports
· Country Real Imports
· Country Unemployment Rate
· Country Industrial Production
Discussed reasons why the economic growth of the three
countries varies. Answered the following question:
· How does international trade influence the strength of the
economy worldwide?
Discussed the following for each country:
· At least two products that have provided the country an
absolute advantage in trade (if any).
· At least two products that have provided the country a
comparative advantage in trade.
· Factors that might have prevented any of three chosen
countries from achieving absolute and/or comparative
advantages.
Cited a minimum of three peer-reviewed sources.

6. The analysis is a minimum of 1,050 words in length.
Total Available
Total Earned
6
#/6
Writing Guidelines
Met
Partially Met
Not Met
Comments:
The paper—including tables and graphs, headings, title page,
and reference page—is consistent with APA formatting
guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a
reference page.

7. Paragraph and sentence transitions are present, logical, and
maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and
punctuation.
Total Available
Total Earned
2
#/2
Assignment Total
#
8
#/8
Additional comments: