The theory of comparative advantage may be applied to a country’s output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain...

1 answer below »

The theory of comparative advantage may be applied to a country’s output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able to specialize in technology, labor, or other comparative advantage due to various factor endowments. Investigate an example of a comparative advantage of a country which is not a natural resource, and has been further augmented by additional investment in national infrastructure or education.



  • Embed course material concepts, principles, and theories, which require supporting citations along with
    at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more.Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.

  • You need to reply to at least two peer discussion question post answers to this discussion question. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

  • It must be in APA style.



Answered Same DayDec 27, 2021

Answer To: The theory of comparative advantage may be applied to a country’s output. Although natural resources...

David answered on Dec 27 2021
134 Votes
The comparative advantage of any nation is judged with the availability of the rich
natural resources ve
ry often, however, at times, the management of the infrastructure along with
the power of the government to invest in the human capital also determines the same. In this
context, Japan is possibly one of the bets nations of the world which has taken the comparative
advantage over other Asian and European nations regardless of the fact that the country has been
broken down by one nuclear attack and several other natural calamities. The World Trade
organization has given the best credentials to Japan in Asia in terms of a country with innovative
ideas though the natural resources are not available up to the extent which the growth and
development of it shows to the world.
At first, Japan has the minimum available land mass per capita, if seen from the
perspective of the G-7 nations of which, it is a part. The point can be understood by the fact that
the land available for cultivation in Japan is only 13.7% of its overall area...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here