(a) Country B matrix of A's trade:
Exports | Imports | |
food | 24.2 | 17.3 |
beveg. | 1.8 | 0.9 |
crude | 8.3 | 12.9 |
fuels | 17.9 | 105.6 |
chemicals | 33.7 | 26.8 |
goods | 36.4 | 37.5 |
machinery | 131.1 | 91.5 |
(b) Country C matrix of A's trade:
Exports | Imports | |
13.7 | 14.1 | food |
0.1 | 3.2 | beveg. |
6.7 | 1.3 | crude |
23.9 | 40.1 | fuels |
25.5 | 4.8 | chemicals |
26.4 | 19.4 | goods |
90.6 | 159.3 | machinery |
(c) Sum of country A's total trade with B & C:
Exports | Imports | |
food | 37.9 | 31.4 |
beveg. | 1.9 | 4.1 |
crude | 15 | 14.2 |
fuels | 41.8 | 145.7 |
chemicals | 59.2 | 31.6 |
goods | 62.8 | 56.9 |
machinery | 221.7 | 250.8 |
(d) Difference of country A's total trade with B & C:
Exports | Imports | |
food | 10.5 | 3.2 |
beveg. | 1.7 | -2.3 |
crude | 1.6 | 11.6 |
fuels | -6 | 65.5 |
chemicals | 8.2 | 22 |
goods | 10 | 18.1 |
machinery | 40.5 | -67.8 |
The table gives the amount (in billions of dollars) of Country A's trade in selected goods...
3. Intra-Industry Trade Index Suppose that country A has only three categories of traded goods and that A's exports and imports in the three categories are as shown in the table below exports 30 imports S100 good T good W good X 60 20 60 So total $150 S200 In this situation, country A's index of intra-industry trade (the Grubel-Lloyt index) would be (calculate the index number). Based on the value of the IIT index, we can say country A...
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Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
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