[SOLVED] Economic growth
June 6th, 2022
Help me study for my Economics class. Im stuck and dont understand.
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[SOLVED] Economic growth
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is all about economic growth. It is your job as an economist to sell your countrys growth potential in order to receive financial support from a group of stakeholders that live in Hawaii state. You will create a video about an African Country. Select an African Country that is of similar size (square mileage) to the Hawaii state.
In your video you Must address the following issues.
- An explanation of your countries export and import history for the past 10 years.
- An explanation of comparative advantage and list some root causes of comparative advantage on a national level for your country.
- Determine your countries comparative advantage in at least 3 products or services for the past 10 years.
- Determine your states comparative advantage in at least 3 products or services for the past 10 years.
- There is always a need for international exchange of products and or services between 2 locations. In your case you are looking for that to exist between your country of similar size in square mileage and your state. What goods would be traded and why? Remember this should be based on the needs of the African country and your chosen state as determined by looking at the data for the past 10 years.
- Describe the positive effects of international trade for your country and state.
- Explain the effects of establishing the following on your country:
- Tariffs
- Factors of income
- Labor standards
- Standard of living
