The following table shows imports and exports of goods during 2013 for the United States: What, if
Question:
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?
Transcribed Image Text:
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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Clearly apparel is produced with cheap labor and we buy most of our apparel fro...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
Question Posted:
Students also viewed these Business 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...
-
Solve the following LP problem using the corner point graphical method. At the optimal solution, calculate the slack for eachconstraint: Maximize profit = 4X + 4Y subject to
-
Use the data in Exercise 20 in Section 13.1 for the following. a. Compute a point estimate of the mean height of sons whose fathers are 70 inches tall. b. Construct a 95% confidence interval for the...
-
Amigos Burrito Inc. sells franchises to independent operators throughout the northwestern part of the United States. The contract with the franchisee includes the following provisions. 1. The...
-
In the next few years, is the U.S. Government likely to revise the current U.S. corporate tax system to encourage companies to provide college loan payments as an employee benefit?
-
On January 1, 2019, Cayce Corporation acquired 100 percent of Simbel Company for consideration transferred with a fair value of $126,000. Cayce is a U.S.-based company headquartered in Buffalo, New...
-
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...
-
Use the information in Problem 15.31 to estimate the enthalpy of reaction, Ho, at 700 K using Vant Hoff equation with finite differences for the derivatives.
-
Below is given article as required to write explanation for the article (Covid 19- consideration for inventory audit testing) . HERE ATTACHED IS LINK REFERENCE:...
-
Calculate the value of Cos
-
A physiotherapist purchased 7 rolls of resistance bands and 12 therapy balls for a total cost of $406. A second purchase, at the same prices, included 9 rolls of resistance bands and 14 therapy...
-
Hightech Company recently developed the technology necessary to produce a low-end, a medium-end, and high-end computer memory chip for heart monitoring healthcare equipment. Budgeted fixed costs for...
-
Data Collection Table 1: Slit-to-screen distance and wavelength of the laser. Slit-to-screen distance (mm) Actual Wavelength (nm) 650 Table 2: Interference and diffraction data for a double slit....
-
a. What is the effect of shifting an unsigned number in a register 2 bits to the left? 1 bit to the right? Assume that 0s are inserted to replace bit locations at the end of the register that have...
-
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....
-
What is meant by the evolution of the chef with regard to supervisory position?Explain Words count 350 words.
-
Total Direct Materials Variance (b) Total Direct Labor Variance Based on the following, what is the total direct materials variance? Total Product Cost Flexible Budget Variance (a) Total...
-
3 The total force (in N) on the circular end of a water tank is F = 18,600 Sy9-y dy. Evaluate F. 0
Study smarter with the SolutionInn App