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specialization
Updated: 2/19/2020
specialization
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Storyboard Text

  • Welcome to New Woodland, the largest exporter of wood in the world
  • Nobody can compete with all of the wood we have
  • We have absolute advantage over other wood exporters
  • Looks like we're going to have to import more cotton
  • Sir, we are all out of cotton
  • My country is New Woodland and there are dense forests with varying species of trees.
  • I need you to sign for the shipment
  • New Woodland is the worlds largest exporter of wood and wood related goods in the world so we have absolute advantage.
  • Import/export
  • An area that we lack in is the ability to grow cotton.
  • We should be making more clothes in no time
  • Cotton
  • Cotton
  • Because we are unable to grow cotton, we rely on other countries like the U.S. to get it.
  • Because we have to import cotton and not wood products we have a comparative advantage in producing wood.
  • We use the cotton to make clothes and other materials.
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