Question

Prepare a short report of maximum 3 pages comparing Pakistan with Oman: The theories of absolute and comparative advantage contribute to the explanation of the international trade process. Bearing this in mind, below are some of the examples of products through which the implementation of absolute and comparative advantage in each individual country you have been assigned to study, can be implemented:

1) Cars

2) Petroleum

3) Computers

4) Pharmaceuticals

5) Gold

- Discuss the likelihood that Pakistan country would enjoy an absolute advantage, a comparative advantage, or no particular advantage of each of the products. (5x2=10 Marks)

- Conduct your own research to see whether Pakistan country is trading any of the above products with Oman. Provide details of what you find out. Sources of reference should be cited to back up your research findings

Answer 1

Answer..

A nation said to have supreme preferred position when a nation is delivering a decent with less assets than the other nation.

also, a nation said to have similar bit of leeway on the off chance that nation incuurs less expense in delivering a decent, at that point other great.

oman primarily import vehicles, refined oil, gold , pharmaceuticals, even pieces of PC

In 2017 Oman imported $29.8B, making it the 64th biggest merchant on the planet. During the most recent five years the imports of Oman have expanded at an annualized pace of 1.4%, from $27.7B in 2012 to $29.8B in 2017. The latest imports are driven via Cars which speak to 7.42% of the absolute imports of Oman, trailed via Planes, Helicopters, or potentially Spacecraft, which represent 4.92%.

subsequently it isn't tremendously created in oman itself

furthermore, pakistan imports refined oil, vehicles and furthermore pharmaceuticals, PCs

In 2017 Pakistan imported $55.6B, making it the 47th biggest merchant in the world.During the most recent five years the imports of Pakistan have expanded at an annualized pace of 5.1%, from $43.3B in 2012 to $55.6B in 2017. The latest imports are driven by Refined Petroleum which speak to 12.6% of the all out imports of Pakistan, trailed by Crude Petroleum, which represent 5.17%.

threfore we can say that both are similarly and completely low in internatinal exchange as indicated by given models, as both the nations are not creation of own its own yet bringing in the most extreme

in any case, in comparision of both oman is still in better circumstance with total and relative breaking down.

name oman import pakistan import

refined petrolium 4.8% 13%

cars 7.4% 2.4%

computers 0.52% 0.62%

what's more, some more

Pakistan is exchanging pharmaceuticals with Oman.

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