The table below shows the export and import values of automobiles, pharmaceutica and clothing in Country A and Country B. Country A Automobiles Pharmaceuticals Exports ($Billions) Imports ($Billions) 20 40 30 30 40 Clothing Country B Exports ($Billions) Imports ($Billions) 0

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 20SCQ: The United States exports 14 of GDP while Germany exports about 50 of its GDP. Explain stat that...
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The table below shows the export and import values of automobiles, pharmaceuticals,
and clothing in Country A and Country B.
Country A
Automobiles
Exports ($Billions) Imports ($Billions)
20
40
Pharmaceuticals 30
30
40
Clothing
Country B Exports ($Billions) Imports ($Billions)
Automobiles
0
Pharmaceuticals 40
Clothing
45
The IIT share is zero for in Country A and for
O pharmaceuticals; pharmaceuticals
O clothing; pharmaceuticals
O automobiles: pharmaceuticals
Oclothing; automobiles
0
20
40
35
in Country B.
Transcribed Image Text:The table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country A Automobiles Exports ($Billions) Imports ($Billions) 20 40 Pharmaceuticals 30 30 40 Clothing Country B Exports ($Billions) Imports ($Billions) Automobiles 0 Pharmaceuticals 40 Clothing 45 The IIT share is zero for in Country A and for O pharmaceuticals; pharmaceuticals O clothing; pharmaceuticals O automobiles: pharmaceuticals Oclothing; automobiles 0 20 40 35 in Country B.
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