Country's Product, economics homework help

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Economics

Description

  • Discuss the following for each country: AUSTRALIA, GREAT BRITAIN AND CANADA
    • 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.
    • 500 WORDS, Cite a minimum of three peer-reviewed sources. Format the assignment consistent with APA guidelines.

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Explanation & Answer

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1
Running head: COUNTRIES PRODUCTS

COUNTRIES PRODUCTS
Name
Lecturer
Module
Date

2
COUNTRIES PRODUCTS
Australia
Australia's economy is one of the largest economies (mixed) in the globe. It holds GDP
of Australian dollars $1.62 trillion dating in the year 2015 (Aust. Bureau of Statistics, 2008). It is
the establishment of the mining industry that has seen stemming up of this country's economy
into another significant level with opportunities for larger profits. Iron ore mining and crude oil
are the two full advantages to Australia. The reason behind the metal's demand hails from
Australia's Pilbara serving as the top most deposit in the global scene. The steel industry is
continuing in the developing countries thu...


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