Describe the trade, productivity and labor markets in different theories ranging from old trade theories to New-new trade theories. You have been provided a Table using the data from the 2002 U.S. Census of Manufactures. Source: Bernard et al.(2007)

Use the following table to comment on the following:

a) Provide an intuitive explanation of the table.

b) Also elaborate on how this table is consistent with trade theories

Exporting By U.S. Manufacturing Firms, 2002 Percent of Mean exports as a Percent of firms that percent of total NAICS industry firms export shipments 311 Food Manufacturing 6.8 12 15 312 Beverage and Tobacco Product 0.7 23 7 313 Textile Mills 1.0 25 13 314 Textile Product Mills 1.9 12 12 315 Apparel Manufacturing 3.2 8 14 316 Leather and Allied Product 0.4 24 13 321 Wood Product Manufacturing 5.5 8 19 322 Paper Manufacturing 1.4 24 323 Printing and Related Support 11.9 5 14 324 Petroleum and Coal Products 0.4 18 12 325 Chemical Manufacturing 3.1 36 14 326 Plastics and Rubber Products 4.4 28 10 327 Nonmetallic Mineral Product 4.0 9 12 331 Primary Metal Manufacturing 1.5 30 10 332 Fabricated Metal Product 19.9 14 12 333 Machinery Manufacturing 9.0 33 16 334 Computer and Electronic Product 4.5 38 21 335 Electrical Equipment, Appliance 1.7 38 13 336 Transportation Equipment 3.4 28 13 337 Furniture and Related Product 6.4 7 10 339 Miscellaneous Manufacturing 9.1 15 Aggregate manufacturing 100 18 14 Sources: Data are from the 2002 U.S. Census of Manufactures. Notes: The first column of numbers summarizes the distribution of manufacturing firms across three- digit NAICS manufacturing industries. The second reports the share of firms in each industry that export. The final column reports mean exports as a percent of total shipments across all firms that export in the noted industry