Question 15 Joel Tuoroniemi, a US. citizen, purchases a phone from AT&T for $300. The following table gives costs associated with the phone supply chain Source Component/process Cost country Jaрan Hard dnive $75 Display module Video chip Controller chip Taiwan $25 US $20 U.S $10 Assembly China $20 Wholesale distribution US (Apple) $100 Retail distribution US (AT&T) $50 Retail price $300 By how much did Joel's purchase change the US trade balance with China" Answer a. $300 b $150 e $120 d $30
Question 15 Joel Tuoroniemi, a US. citizen, purchases a phone from AT&T for $300. The following table gives costs associated with the phone supply chain Source Component/process Cost country Jaрan Hard dnive $75 Display module Video chip Controller chip Taiwan $25 US $20 U.S $10 Assembly China $20 Wholesale distribution US (Apple) $100 Retail distribution US (AT&T) $50 Retail price $300 By how much did Joel's purchase change the US trade balance with China" Answer a. $300 b $150 e $120 d $30
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 15
Joel Tuoroniemi, a US. citizen, purchases a phone from AT&T for $300. The following table
gives costs associated with the phone supply chain
Source
Component/process
Cost
country
Hard dnve
Japan
S75
Display module
Video chip
Controller chip
Taiwan
$25
US
$20
U.S
$10
Assembly
China
$20
US (Apple)
US (AT&T)
Wholesale distrnbution
$100
Retail distribution
S50
Retail price
$300
By how much did Joel's purchase change the US trade balance with China?
Answer
a. $300
b. S150
e S120
d $30
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