Chapter 2 Discussion TopicPlease address the following questions in 200+ words total. Please use complete sentences, organize your post and proofread. You must post three times to each discussion forum and you will not be able to see other students’ replies until you have posted your answer to my discussion question. See below for instructions.1. Define Comparative Advantage and provide an example of a good/service that the U.S. produces because it has a comparative advantage compared to another country.2. Go to the CIA World Factbook (Links to an external site.) and choose a country other than the United States.3. Do some research and explain what goods and services your country specializes in producing and exporting (the data you need will be in the Economy link).4. Explain why this country has a comparative advantage in producing these goods and services compared to another country and why. (You may want to check the other links on the website, like Geography, etc., to determine why they have a comparative advantage in these goods/services. Be sure to provide concrete examples and analysis = what exactly gives these countries a comparative advantage in production of these goods?)5. What kinds of goods and services is this country most likely to import from other countries? Why doesn’t this country produce these goods on their own?6. Lastly, explain how this country benefits from trade.**Please note that you must post your response to the discussion question before you will be able to see other students’ replies.Discussion InstructionsYou will not be able to see other students’ replies until you post your response to my question. Type your initial response to my question in substantially more than eight sentences (minimum 200 words) by Saturday evening at 11:59 pm Pacific Time, then read through the other entries and post a thoughtful question to at least one classmate who does not have a thoughtful question by Saturday evening at 11:59 pm Pacific Time. Then, by Sunday night please write a one paragraph (4+ sentences) response to another student’s thoughtful question about your post. If you do not receive a thoughtful question about your post by Sunday morning, you may write a second thoughtful question to a student who does not have one to count as your third post. If you are posting late, you must wait 24 hours after you have posted a thoughtful question to a fellow student before you post a second thoughtful question in order to give other students a chance to ask a question about your post.Please use professional grammar and punctuation in this college level course in all correspondence. Please avoid “text” or “twitter speak” when corresponding.
