Answer the following questions about your country: Based on your research, does your country have an absolute advantage in any area
of international trade? If so, please describe this advantage and explain why you think they have this characteristic. Remember:
Absolute advantage is the ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than
the cost at which any other entity produces that good or service. Based on your research, does your country have comparative
advantages? Remember: Comparative advantage refers to the ability of a party to produce a particular good or service at a lower
marginal and opportunity cost over another. Even if one country is more efficient in the production of all goods compared to the other,
both countries will still gain by trading with each other, as long as they have different relative efficiencies. Prepare a written summary of
your findings, following the guidelines for written assignments. You must include the following information in your summary: A brief
overview of the country you selected (fewer than 50 words) The advantage you identified (absolute or comparative) Explanation and
justification for making the decision you did. For example, if you selected Latvia and decided that they have an absolute advantage in
Gizmos, you would include the following: Latvia accounts for 80 percent of the world Gizmo markets. The world market for Gizmos is
_______ per year; The reason why Latvia has an absolute advantage is _______; Latvia benefits from this advantage by_______.