MICROECONOMICS IN MODULES
5th Edition
ISBN: 9781319245382
Author: KRUGMAN
Publisher: MAC HIGHER
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Chapter 8, Problem 13P
To determine
- As of 2012, which two states exported the most goods to China? What was the dollar value of those exports? Which three states exported the least to China?
- How did the export to China change from 2002 to 2012? Construct a table to show the change in the value of exports from 2002 to 2012 for each state.
- As a percent of total exports, rank the states in the order of most to fewest exports.
- Washington State’s largest exports to China are airplanes from Boeing, licenses for the use of Microsoft products, and the agricultural products namely wheat, apples, and hops. Microsoft and Boeing produce unique products at a relatively high price but many other states produce wheat, apple and hops. The other states export largely regular goods to China. How does this situation explain the pattern of exports to China across the states?
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