Question: District 2 0 1 9 2 0 2 0 2 0 2 1 Los Angeles, CA 6 % 4 % 9 % New York City,

District 201920202021
Los Angeles, CA 6%4%9%
New York City, NY 7%6%11%[4]: A second measure often used by economists to represent freight costs is what is termed ad valorem insurance & freight costs, which is calculated as insurance and freight costs divided by the customs import value. Repeat the analysis done for #3 using ad valorem insurance and freight costs (note, use Column Fs statistic for customs import value in the denominator). What pattern do you observe? How does this differ from what was observed in #3?

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