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- Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers. There are 1 million workers in each country.The volume of trade between two provinces or states of countries are influenced strongly whether they belong to the same nation or not. 1. true 2. falseMaldonia and lamponias consumption after trade on the graph!
- Identify whether the given items are examples of imports, exports, or neither. Assume the United States is considered the domestic country. Heath lives in the United States and purchases a video game produced in Japan. a. neither b. import c. export Veronica lives in Tennessee and buys an orange grown in Florida. a. export b. import c. neither A Chinese consumer purchases a television produced in China. a. import b. export c. neither A farmer in Iowa sells corn to a food processing plant in China. a. export b. import c. neither Chevron drills for oil in the United States and sells this oil to refineries in Brazil and Mexico. a. neither b. export c. importInternational Trade: Assume that there are three industries in the Home country: industry A, industry B and industryC. Total labour force of the Home Country in the year 2015 was 75,000. 25,000 of this labourforce were employed in industry A, 25,000 of it were employed in industry B, and the rest wereemployed in industry C. In year 2016, total labour force was 150,000. This time 50,000 wereemployed in industry A, 50,000 were employed in industry B and the remaining workers wereemployed in industry C. What is the industrial transformation for the Home Country?(a) 0.(b) 1/2.(c) 1/6.(d) 4/15.Show your calculation and explain it. Limit your explanation to 200 words.If a country's GDP is $10 trillion, its exports are $1 trillion, and its imports are $1.5 trillion, then its trade/GDP ratio is:
- What three factors will determine whether a nation has a higher or lower share of trade relative to its GDP?If you observed a country with a rapidly growing trade surplus over a period of a year or so, would you be more likely to believe that the countrys economy was in a period of recession or of rapid growth? Explain.In its recent report, The Conference Boards Global Economic Outlook 2015, updated November 2014 (http://www.conference-board.org/data/ globaloutlook.cfm), projects Chinas growth between 2015 and 2019 to be about 5.5%. International Business Times (http//www.ibtimes.com/us-exports-china-have rown-294-over-past-decade- 1338693) reports that China is the United States third largest export market, with exports to China growing 294 over the last ten years. Explain what impact China has on the U.S. economy.
- In 2008, a small country imported goods worth $400 billion and exported goods worth $245 billion. It exported services worth $248 billion and imported services worth $530 billion. Payments on investments abroad totaled $499 billion, while returns paid on foreign investments were $25 billion. Unilateral transfers from the country to other nations amounted to $81 billion. What was the country's merchandise trade balance for 2008? (In billions of Dollars. Please see question what he says to findComplete the table. Please note that the world price of T in terms of S is 1,5 and GDP calculated in terms of S.Fruitland has a very simple economy: it produces just apples and oranges. It has no imports and exports.