Michelle Maldonado- Economics Specialization Story Board.
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My country's name is New Monte Republic. New Monte has deep thick forests.
My country is one of the biggest wood exports in the whole world. So we have the absolute advantage of producing wood and exporting it to other countries in the world.
One thing that my country lacks in is producing cotton. So we Import cotton from other countries, like the United States of America.
My country exports wood to many different countries. And we import cotton form the US. We have a lower opportunity cost in getting cotton from the United States.
Exports and Imports
Other countries use our wood to create homes, furniture, and many other things.
We use the imported cotton to make our clothes and other necessities that we may need.
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