The following table shows imports and exports of goods during 2013 for the United States: What, if

Question:

The following table shows imports and exports of goods during 2013 for the United States:

Exports Imports 2,294.6 14.1 93.7 272.8 308.8 115.1 1,592.0 53.7 6.9 4.9 152.6 136.2 Total Civilian aircraft Apparel, ho

What, if anything, can you conclude about the comparative advantage that the United States has relative to its trading partners in the production of goods? What stories can you tell about the wide disparities in apparel and aircraft?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

See More Books

Question Posted: Dec 27, 2018 07:53 AM

See More Questions

The following table shows three cases, each with one missing element. Required: Use the bond calculator at www.fncalculator.com to determine the missing element for each case. Assume simple annual...
The following table shows three cases, each with one missing element. Required: Use the bond calculator at www.fncalculator.com to determine the missing element for each case. Assume simple annual...
The following table shows the hypothetical labor requirements per ton of wool and per hand-knotted rug, for New Zealand and for India. a. Which country has an absolute advantage in each product? b....
The system shown consists of 3 cables. For example; cable C12 joins points 1 and 2. The coordinates of point 1 are (6.4, 0, 0) m, those of point 2 are (0, 9.5, -6.1) m, and those of point 3 are (0,...
Sam and Jane have been arguing about the effects of globalization as a form of modernization or Westernization of the world. Sam points out all of globalization's crass and commercialized aspects-the...
All of a company?s skilled labour, which is paid ?8 per hour, is fully employed manufacturing a product to which the following data refer: The company is evaluating a contract which requires 90...
A manufacturer determines that a big screen HDTV set had probabilities of $0.8,0.15,0.05$, respectively, of being placed in the categories acceptable, minor defect, or major defect. If 3 HDTVs are...
The plane wall with constant properties and no internal heat generation shown in the figure is initially at a uniform temperature T i Suddenly the surface at x = L is heated by a fluid at T having a...
What is the output of the following C code? 1 #include 2 3 void xMethod(int n) { 5 } 676945 8 10 11 printf("%d",n+1); void xMethod(double n) { printf("%f",n+2); } void xMethod(long n) { 12 13. } 14...
Selected financial information appearing in the SEC Form 10-K for Johnson & Johnson is reported below (dollars in millions). 2014 Sales...
Suppose Latvia and Estonia each produce only two goods, tractors and bobsleds. Both are produced using labor alone. Assuming both countries are at full employment, you are given the following...
In problem, find an equation for the line with the given properties. Express your answer using either the general form or the slopeintercept form of the equation of a line, whichever you prefer Slope...
How do the financial statements of major nonbank financial firms resemble or differ from bank financial statements? Why do these differences or similarities exist?
What is the Gordon Growth model? What does it help to measure?
What are the new features of Gen III/ $\mathrm{III}^{+}$reactors relative to the Gen I and Gen II reactors?
Let $\left(X_{t}, \mathscr{F}_{t}ight)_{t \geqslant 0}$ be a submartingale with continuous paths and $\mathscr{F}_{t+}=\bigcap_{u>t} \mathscr{F}_{u}$. Show that \(\left(X_{t},...
Let $\left(B_{t}ight)_{t \geqslant 0}$ be a $\mathrm{BM}^{d}$. Find all $c \in \mathbb{R}$ such that $\mathbb{E} e^{c\left|B_{t}ight|}$ and $\mathbb{E} e^{c\left|B_{t}ight|^{2}}$ are finite.
Let $\left(B_{t}, \mathscr{F}_{t}ight)_{t \geqslant 0}$ be a $\mathrm{BM}^{1}$. Show that $X_{t}=\exp \left(a B_{t}+b tight), t \geqslant 0$, is a martingale if, and only if, $a^{2} / 2+b=0$.
Exercise 12-2 presented a regression model to predict final grade from two hourly tests. (a) Test the hypotheses that each of the slopes is zero. (b) What is the value of R 2 for this model? (c) What...
Reduction in sales All of the above 29. Belt of an electric motor is broken, it needs a. Corrective maintenance b. Scheduled maintenance c. Preventive maintenance d. Timely maintenance. 30. The...
The enforcement of legal contracts and property rights is essential for supporting long-run growth. Based on what you learned in this chapter, why is this so?
When gauging consumer expectations, economists divide consumers by income, gender, and age group. With regard to the Brexit referendum of June 23, 2016, where the United Kingdom voted to leave the...
The data in the following table represents real GDP per capita in 1980 and 2016 for five countries. Fill in the table by calculating the annual growth rate in real GDP per capita from 1980 to 2016....
The first video I have for your discussion is "Shock and Awe:The Story of Electricity" Part 1 is called "Spark"It runs from 0:00 to about 58 min, on the following link....
Find the present value of a 1 0 - year annuity of $ 8 0 0 0 per annum, given the interest rate of 6 % for the first year, 7 % for the second year, 8 % for the third year, 9 % for the fourth year, and...
The management accounting team of XYZ plc also came up with some questions and requested you to explain/answer them for the upcoming board meeting: 1. A chain of XYZ plc, BHealthy Ltd is a wholesale...

The following table shows imports and exports of goods during 2013 for the United States: What, if

Question:

Exports Imports 2,294.6 14.1 93.7 272.8 308.8 115.1 1,592.0 53.7 6.9 4.9 152.6 136.2 Total Civilian aircraft Apparel, household goods-textile Crude oil Vehicles, parts, and engines Foods, feeds, and beverages

Step by Step Answer:

Clearly apparel is produced with cheap labor and we buy most of our apparel fro...View the full answer

Principles of Macroeconomics

Students also viewed these Business questions