Exam (elaborations)
International Economics Second Edition By Feenstra - Test Bank of
- Module
- International Economics
- Institution
- International Economics
Test Bank For International Economics Second Edition By Feenstra Complete Test Bank
[Show more]
Content preview
,Solutions Manualto End-of-Chapter
Questions
S-1
,
, Trade in the Global Economy
1
1. Figures 1-2 and 1-7 rely on data from the year 2006, and Figure 1-6 relies on data
from 2005, to map worldwide trade, migration, and foreign direct investment. Up-
dated data for migration and foreign direct investment were not available at the time
of writing this chapter, but are available for worldwide trade. In this question you are
asked to update the numbers for world trade shown in Table 1-1.
a. Go to the World Trade Organization website at www. wto. org and look for their
trade data under “Resources” and “Statistics.”1 Look for the most recent edition of
their International Trade Statistics publication, then go to “Trade by Region” and find
the Excel spreadsheet with “Intra- and Inter-regional Merchandise Trade.” Print out
this table. If you cannot find the website or spreadsheet, use the 2005 table for “In-
tra- and Inter-regional Merchandise Trade,” which is printed below:
Intra- and Inter-regional Merchandise Trade, 2008 (Billions of U.S. Dollars)
Destination
North South & Middle
Origin America Central America Europe CIS* Africa East Asia World
Value
World $2,708 $583 $6,736 $517 $458 $618 $3,903 $15,717
North America 1,015 165 369 16 34 60 376 2,036
South & Central
America 169 159 121 9 17 12 101 600
Europe 475 96 4,695 240 186 189 487 6,447
Commonwealth
of Independent
States (CIS) 36 10 406 135 11 25 77 703
Africa 122 19 218 2 53 14 114 558
Middle East 117 7 126 7 37 122 569 1,021
Asia 775 128 801 108 121 196 2,181 4,353
Source: WTO, International Trade Statistices 2009
b. From this table, what is the total amount of trade within Europe? What percent-
age is this of total world trade?
Answer: $4,695 billion, which is 29. 9% of the world total
1
The trade statistics are at http://www. wto. org/english/res_e/statis_e/its2009_e/its09_world_trade_dev_e. htm.
S-3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsExpert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £22.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
70713 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now
Recently viewed by you
Exam (elaborations) ·
Full ASVAB Practice Test 2021 Questions with Complete Solutions
Package deal ·
Financiële Analyse van de Onderneming: Alles wat je nodig hebt!
Exam (elaborations) ·
C.A State Elevator Mechanic Study Guide with Complete Solutions
Exam (elaborations) ·
HCB 101 Test 1 "Corpsman Killer" 2022 fully solved to pass(updated)
Exam (elaborations) ·
Agile SAFe 5.1 2023 Exam Questions With Correct Answers (AGRADED)
Package deal ·
PACKAGE DEAL OF NBCOT QUESTION AND ANSWERS WITH A PASS A+ 2023
Exam (elaborations) ·
FNDH 400 Exam 2 Questions and Answers (2023/2024) (Verified Answers)
Exam (elaborations) ·
RAC Pharmaceuticals Exam Questions with Complete Solutions 2023
