Based on the data find evidence to support David Ricardo’s theory of “comparative advantage.” Which group of countries appear to benefit the most from free trade?

Use the CIA Factbook (https://www.cia.gov/library/publications/the-world-factbook/ (Links to an external site.)) to research the imports and exports (as well as imports and exports commodities) of three developed countries and three developing countries. Based on your findings, answer the following question:

Based on the data find evidence to support David Ricardo’s theory of “comparative advantage.” Which group of countries appear to benefit the most from free trade? Justify your answer.

(Hint: What is comparative advantage: Comparative advantage stipulates that countries (usually developed economies) should specialize in a certain class of products (most efficient products given all the products it can produce) for export, but import the rest – even if the country holds an absolute advantage in all/some other products. For example, country A produces both steel and wine more efficiently than country B does, which means country A has absolute advantage in both products. But since country A produces steel more efficiently than wine, country A has comparative advantage in producing steel. Country A will benefits more if it focuses all resources on producing steel and imports wine from country B instead.)