Suppose that the following information represents the complete trade data for each country. Use these data and

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Suppose that the following information represents the complete trade data for each country. Use these data and Equation 5.1 to calculate values of IIT for each country.

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International Economics

ISBN: 9780321783868

9th Edition

Authors: Steven Husted , Michael Melvin

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Question Posted: Apr 25, 2024 01:00 AM

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Suppose that the following information represents the complete trade data for each country. Use these data and

Question:

Exports ($) Imports ($) Country A Good X 10,000 4,000 Good Y 8,000 2,000 Good Z 0 12,000 Country B Good R 5,000 0 Good S 500 5,000 Good T 1,500 2,000 Country C Good M 2,000 1,800 Good N 1,000 1,500 Good O 1,500 1,200

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International Economics

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