ecn707Microsoft Word - assignment1.docx CECN-707 Economics of International Trade (online course) ...

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ecn707Microsoft Word - assignment1.docx CECN-707 Economics of International Trade (online course)  Dr. Emilia Barbu  Ryerson University  Spring/Summer 2020 1 CECN 707 - Economics of International Trade  (Online Course)  ASSIGNMENT 1  (Covers Week 1-4)   Submission Instructions:      1. Submit your full answers to all problems in one MS word file. For problem 1 include all your tables  and graphs in the MS word or file. Any other formats will not be graded. Please, answer the  problems in order.  2. If more than one file are submitted, only one randomly selected file will be graded.  3. You must submit your file on the Assignment 1 section of D2L only. Do not forward to your  instructor. All email attachment forms or hardcopy forms of submissions will NOT be accepted.  4. The due date of the assignment is Monday, June 1st, 2020 at 11:59pm.   5. This assignment weighs 15% of your final grade.   Problem 1. (Canada's trade) [week 1] Trade data for Canada is provided by Statistics Canada. You  can access Statistics Canada at https://www.statcan.gc.ca/eng/start . Click on “Data” tab on the top of  the page and enter the number of the required table in the Keyword(s) box. Click on the first table title  and use the “Add/Remove data” tab to indicate the specific parameters of the table you are required to  report. From the “Basis” tab choose “balance of payments” and from “Trade” chose “Import and  Export”. Click “Apply”.     a) From table 12-10-0011-01, obtain total merchandise imports and exports (balance of payments  basis) between Canada and the major geographical regions in the world reported in the table  from January 1998 to December 2019. Download the data as CSV (download as displayed).   b) Aggregate the monthly data to annual data (i.e. sum over rows from January 1998 to December  1998 to obtain the yearly observation for 1998). Do the same for all years for Export and Import.  You will obtain data for Exports and Imports for 22 years (from 1998 to 2019 inclusive).  c) Construct a new table that shows, for each year, the percentage of total exports and the percentage  of total imports that went (came) from each region (compute these percentages using excel). Total  https://www.statcan.gc.ca/eng/start CECN-707 Economics of International Trade (online course)  Dr. Emilia Barbu  Ryerson University  Spring/Summer 2020 2 exports and total imports are found in the downloaded table. Identify the main export and the main  import partner of Canada. Plot in the same line graph the evolution over time of the share of exports  (imports) that went to the top exporter (importer).    d) Write a brief report (not longer than half a page at 1.5 spaces) summarizing your results in b).  Make sure that you address the following: (i) compare the areas in the world that traded the most with  Canada in 1998 and in 2019; (ii) the percentage of trade they accounted for; (iii) whether Canadian trade  was geographically more diversified or more concentrated in the 2019 than in the 1998. Problem 2. (Ricardian model) [week 2].   Consider the following table:   Home  country  Foreign  country  Absolute  advantage  Number of computers  produced per hour  4 2 ?  Number of shoes produced  per hour  6 8 ?  Comparative advantage ? ?   a) Fill in the numerical value for the cells with the question mark.  b) Which country has an absolute advantage in the production of computers? Which country  has an absolute advantage in the production of shoes?  c) What is the opportunity cost of computers in terms of shoes at Home? What is the  opportunity cost of computers in terms of shoes in Foreign?   d) Which product will Home export and which product does Foreign export? Explain why. CECN-707 Economics of International Trade (online course)  Dr. Emilia Barbu  Ryerson University  Spring/Summer 2020 3 What is the opportunity cost of computers in terms of shoes at home?   Problem 3. (Ricardian model) [week 2].    Two countries, Alia and Palia are closed to international trade. Alia has 1800 units of labor available,  and Palia has 900 units. Both countries can produce two goods, skis and snowboards. Alia’s unit labor  requirement in skis production is 3, while in snowboards production is 2. Palia’s unit labor requirement  in skis production is 5, while in snowboards production it is 1.    a) Graph Alia and Palia’s production possibility frontier.      b) Compute Alia and Palia’s opportunity cost of skis in terms of snowboards. Explain.    c) In the absence of trade, compute the price of skis in terms of snowboards in Alia and in Palia.  Assume that consumers in each country like to consume both goods. Explain.    d) Assume now that the two countries open to trade with each other. Which country has comparative  advantage in skis? And in snowboards? Explain. e) Construct the world relative supply curve. Show it in a graph.      Problem 4 (Heckscher-Ohlin model) [weeks 3 and 4]   Two countries, Home and Foreign, both able to produce two goods: cloth and tablet computers. The  production of both goods uses capital and labor in fixed proportions, with the tablets industry using  more capital per worker than the cloth industry. The units of each input needed to produce one unit  output are given by:       capital labor  cloth 1 2  tablets 2 1 Both countries have 150 units of capital available for production, but the Home country has 100 units of  labor whereas the Foreign country has 200. Consumers like to consume both goods and have the same  CECN-707 Economics of International Trade (online course)  Dr. Emilia Barbu  Ryerson University  Spring/Summer 2020 4 preferences in both countries. Assume that the countries are closed to international trade.    a) Construct the PPF for both countries and put them in the same graph. Show in the graph the quantity  of both cloth and tablets that are produced by each country in equilibrium, if the countries are not  trading. Compute these quantities algebraically.    b) Which country produces more cloth relative to tablets? Indicate how this feature relates to the  country’s relative factor endowments.    c) Compute the quantities of labor and capital employed in each country in the production of each of  the goods at the output levels in a). d) Indicate the range of prices of cloth relative to tablets at which the Home country will produce both  goods. Which good would be produced if the relative price was outside of this range? e) In which country will the price of cloth relative to tablets be higher? Explain.    f) Assume that both countries open to trade with each other. Explain how the price of cloth relative to  trade will change in each country after opening to trade. g) According to the Heckscher-Ohlin theorem, if these two countries opened to trade, which country  would export which good? Explain. h) Give intuition about who will be better off and who will be worse off in each country after opening  to trade. Explain. Problem 5. (Standard trade model) [week 4]   Assume two countries Wawa and Pawa with two factors of production: capital and labour. Each country  produces two goods: books and widgets. Books are capital intensive.  Wawa is capital abundant.  Assume the same technology in both countries.  Explain the effects of an increase in a) capital stock and b) labour supply in each country.

Komalavalli · Accepted Answer

Prb 1a&b
	a)	Trade	Principal trading partners	Jan-98	Feb-98	Mar-98	Apr-98	May-98	Jun-98	Jul-98	Aug-98	Sep-98	Oct-98	Nov-98	Dec-98	Jan-99	Feb-99	Mar-99	Apr-99	May-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99	Nov-99	Dec-99	Jan-00	Feb-00	Mar-00	Apr-00	May-00	Jun-00	Jul-00	Aug-00	Sep-00	Oct-00	Nov-00	Dec-00	Jan-01	Feb-01	Mar-01	Apr-01	May-01	Jun-01	Jul-01	Aug-01	Sep-01	Oct-01	Nov-01	Dec-01	Jan-02	Feb-02	Mar-02	Apr-02	May-02	Jun-02	Jul-02	Aug-02	Sep-02	Oct-02	Nov-02	Dec-02	Jan-03	Feb-03	Mar-03	Apr-03	May-03	Jun-03	Jul-03	Aug-03	Sep-03	Oct-03	Nov-03	Dec-03	Jan-04	Feb-04	Mar-04	Apr-04	May-04	Jun-04	Jul-04	Aug-04	Sep-04	Oct-04	Nov-04	Dec-04	Jan-05	Feb-05	Mar-05	Apr-05	May-05	Jun-05	Jul-05	Aug-05	Sep-05	Oct-05	Nov-05	Dec-05	Jan-06	Feb-06	Mar-06	Apr-06	May-06	Jun-06	Jul-06	Aug-06	Sep-06	Oct-06	Nov-06	Dec-06	Jan-07	Feb-07	Mar-07	Apr-07	May-07	Jun-07	Jul-07	Aug-07	Sep-07	Oct-07	Nov-07	Dec-07	Jan-08	Feb-08	Mar-08	Apr-08	May-08	Jun-08	Jul-08	Aug-08	Sep-08	Oct-08	Nov-08	Dec-08	Jan-09	Feb-09	Mar-09	Apr-09	May-09	Jun-09	Jul-09	Aug-09	Sep-09	Oct-09	Nov-09	Dec-09	Jan-10	Feb-10	Mar-10	Apr-10	May-10	Jun-10	Jul-10	Aug-10	Sep-10	Oct-10	Nov-10	Dec-10	Jan-11	Feb-11	Mar-11	Apr-11	May-11	Jun-11	Jul-11	Aug-11	Sep-11	Oct-11	Nov-11	Dec-11	Jan-12	Feb-12	Mar-12	Apr-12	May-12	Jun-12	Jul-12	Aug-12	Sep-12	Oct-12	Nov-12	Dec-12	Jan-13	Feb-13	Mar-13	Apr-13	May-13	Jun-13	Jul-13	Aug-13	Sep-13	Oct-13	Nov-13	Dec-13	Jan-14	Feb-14	Mar-14	Apr-14	May-14	Jun-14	Jul-14	Aug-14	Sep-14	Oct-14	Nov-14	Dec-14	Jan-15	Feb-15	Mar-15	Apr-15	May-15	Jun-15	Jul-15	Aug-15	Sep-15	Oct-15	Nov-15	Dec-15	Jan-16	Feb-16	Mar-16	Apr-16	May-16	Jun-16	Jul-16	Aug-16	Sep-16	Oct-16	Nov-16	Dec-16	Jan-17	Feb-17	Mar-17	Apr-17	May-17	Jun-17	Jul-17	Aug-17	Sep-17	Oct-17	Nov-17	Dec-17	Jan-18	Feb-18	Mar-18	Apr-18	May-18	Jun-18	Jul-18	Aug-18	Sep-18	Oct-18	Nov-18	Dec-18	Jan-19	Feb-19	Mar-19	Apr-19	May-19	Jun-19	Jul-19	Aug-19	Sep-19	Oct-19	Nov-19	Dec-19
		Import		Dollars
			All countries	24,379.40	24,877.00	24,484.60	24,918.30	25,122.40	24,403.00	24,044.90	25,373.20	25,935.60	26,653.40	26,428.00	26,472.00	26,117.80	26,778.40	26,421.00	26,235.80	26,476.60	26,534.10	26,983.50	27,353.20	27,790.70	28,439.10	28,262.10	29,274.50	29,074.00	29,020.20	29,644.20	29,510.10	30,492.90	30,101.00	30,315.40	30,485.00	30,471.10	30,605.20	31,130.30	31,076.80	30,442.60	29,284.80	29,857.60	30,038.50	29,771.50	29,718.00	28,860.90	29,318.90	28,187.50	28,456.30	28,110.20	27,540.80	27,964.60	29,121.20	28,474.70	29,236.30	29,163.50	30,109.40	29,827.40	30,816.50	30,272.90	30,517.90	30,278.80	30,487.90	30,335.80	30,137.90	29,917.10	28,965.00	28,506.40	27,756.60	28,199.30	26,634.90	27,931.40	27,615.60	28,149.40	28,179.10	27,079.10	28,790.20	29,332.20	29,578.80	31,752.80	30,465.00	31,632.60	30,911.10	31,356.30	30,933.30	30,197.70	30,860.90	31,678.30	31,520.80	31,550.40	31,629.40	32,447.60	32,450.50	32,123.50	32,273.80	32,679.30	32,715.00	33,000.60	33,385.30	33,529.20	32,067.40	32,772.90	33,548.70	33,698.00	33,995.30	34,151.50	34,605.10	33,371.20	33,674.50	34,164.80	34,931.50	34,949.50	34,899.90	35,969.20	35,059.10	34,492.20	34,753.10	35,404.40	34,283.70	34,486.50	33,545.00	33,866.20	34,081.90	35,136.50	35,219.90	34,407.00	35,881.40	37,403.90	38,609.80	38,946.10	37,255.10	38,308.70	39,041.20	37,901.00	35,481.40	32,322.60	32,405.50	30,977.20	31,013.30	29,364.50	29,226.10	31,518.90	30,846.50	30,892.00	30,669.30	31,841.60	32,906.70	31,953.00	33,041.90	33,970.60	32,778.90	34,609.80	34,783.40	35,115.10	35,716.70	35,614.60	35,391.20	35,256.50	35,438.30	36,793.60	35,709.10	37,331.40	37,046.00	37,738.10	37,422.80	37,515.80	38,521.30	38,783.70	39,927.30	39,573.80	39,682.00	39,705.30	39,610.30	39,498.60	39,328.40	39,910.30	40,525.60	40,559.60	39,065.10	38,903.90	38,667.10	40,145.20	38,880.90	39,476.70	40,181.60	40,214.90	40,718.50	40,451.70	39,979.40	40,314.40	41,469.40	41,079.90	40,690.20	41,422.60	41,370.80	41,301.20	42,617.20	42,909.20	43,374.20	44,679.20	43,496.60	43,622.90	43,837.60	44,366.50	45,201.00	44,430.30	44,824.80	44,695.30	44,556.40	46,561.00	45,273.10	45,144.30	45,253.00	46,025.60	46,363.10	46,353.10	45,762.20	46,205.60	46,489.20	46,825.30	46,555.00	44,744.30	44,638.70	44,529.70	44,896.40	44,611.10	45,670.00	48,036.70	45,793.60	45,383.20	45,665.20	46,928.20	47,118.10	47,217.00	48,328.70	49,525.80	49,189.90	46,879.50	46,663.70	46,903.30	46,353.80	49,347.40	49,950.10	47,708.50	48,806.90	51,641.50	50,355.90	51,406.10	51,680.70	51,478.10	51,077.90	51,236.20	50,679.70	49,934.60	51,323.40	52,018.50	51,395.80	52,877.40	51,707.50	52,386.10	50,465.30	50,745.30	51,611.80	50,484.50	50,792.10	49,395.50	49,663.60
			United States	18,780.70	19,174.20	18,791.40	19,037.60	19,258.70	18,626.40	18,265.80	19,539.80	19,970.70	20,637.30	20,650.90	20,783.20	20,340.40	20,507.30	20,249.10	20,157.60	20,404.90	20,129.70	20,729.30	20,884.40	21,157.10	21,385.60	21,288.70	21,965.60	21,774.90	21,750.70	21,967.90	21,712.60	22,121.00	22,133.50	22,197.00	22,356.80	22,404.00	22,549.90	22,554.40	22,642.30	21,729.60	21,442.90	21,846.60	22,036.10	21,685.20	21,949.90	21,028.30	20,930.90	20,288.00	20,425.00	20,415.90	20,134.10	20,462.60	20,781.10	20,751.10	21,003.50	20,997.70	21,325.80	21,446.30	22,001.30	21,542.10	21,668.80	21,837.20	21,038.60	21,469.30	21,207.00	20,736.30	20,365.40	20,089.60	19,388.70	19,535.50	18,626.80	19,783.10	19,391.30	19,768.90	19,682.60	18,983.80	20,043.90	20,500.00	20,612.10	21,841.10	21,027.40	21,875.10	21,274.20	21,590.80	20,942.10	20,094.50	21,050.90	21,553.10	21,188.40	21,179.90	21,413.00	21,851.40	21,729.50	21,410.60	21,659.20	21,533.90	21,688.50	21,680.30	22,197.70	22,144.10	21,444.00	21,740.00	21,931.90	21,559.80	22,061.80	22,370.10	22,371.70	21,905.30	21,951.50	22,477.90	23,163.60	22,884.70	22,734.40	23,322.70	22,839.90	22,651.60	22,644.80	22,811.70	22,263.60	22,305.90	21,835.00	21,872.80	21,831.50	22,512.80	22,273.40	22,144.90	23,042.80	23,727.30	23,831.50	24,877.10	23,603.60	23,910.60	24,995.40	24,165.30	22,349.70	19,993.30	20,686.30	19,713.50	19,574.60	18,266.10	18,244.30	20,019.30	19,440.10	19,952.90	19,363.90	20,298.90	20,583.20	20,253.20	21,084.50	20,942.20	20,951.30	21,936.10	22,149.00	22,221.70	22,123.80	22,444.20	22,218.30	21,720.70	21,889.80	23,091.00	21,904.50	22,454.10	22,995.40	22,983.10	22,394.70	23,209.00	24,198.10	24,282.70	24,821.00	24,051.70	24,951.70	24,818.70	24,497.90	24,143.40	24,564.10	24,916.80	25,921.10	25,111.50	24,360.80	24,537.10	24,309.70	24,725.40	24,121.90	24,610.90	25,351.00	25,786.80	25,889.10	25,960.10	25,891.70	26,237.30	26,324.60	26,321.90	26,542.10	27,344.00	27,061.60	27,019.90	28,607.30	28,651.70	28,870.30	29,205.10	29,228.10	29,454.30	29,242.20	29,953.30	30,521.40	30,150.50	30,176.90	29,794.60	29,639.80	30,080.00	29,798.00	29,775.50	29,866.80	30,695.80	30,591.90	30,887.70	30,566.00	30,714.60	31,104.40	31,316.70	30,834.20	29,028.70	29,628.90	29,484.10	29,888.20	29,461.10	30,177.60	30,009.50	30,154.60	29,658.80	30,126.10	30,940.70	30,190.20	30,423.20	31,080.10	32,493.20	31,976.70	29,971.60	30,020.20	30,037.50	29,949.90	32,176.10	31,920.20	31,056.50	32,042.00	33,023.50	32,218.10	32,922.00	33,116.40	32,911.20	32,542.00	33,123.50	33,122.80	32,579.90	32,240.60	32,684.50	32,960.60	33,339.00	33,542.50	33,361.90	32,205.80	32,465.70	33,187.30	32,849.90	32,237.80	31,689.10	31,601.90
			European Union	1,917.70	2,071.80	2,025.50	2,175.60	2,198.90	2,167.10	2,097.20	2,067.70	2,089.20	2,131.30	2,075.40	2,105.30	2,013.90	2,380.20	2,288.40	2,169.90	2,188.10	2,453.90	2,291.30	2,418.40	2,401.10	2,544.50	2,574.10	2,589.70	2,668.10	2,409.40	2,938.80	2,802.90	2,803.00	2,627.00	2,701.00	2,782.70	2,783.00	2,869.10	3,037.50	2,950.00	3,282.60	2,935.60	2,865.20	2,954.90	3,006.30	2,659.10	2,670.20	2,845.00	3,035.30	3,083.60	2,913.30	2,847.90	2,576.10	2,945.10	2,706.50	2,968.70	2,933.00	3,445.90	3,078.50	3,121.80	2,935.90	3,123.20	2,978.10	3,166.70	3,148.70	3,133.40	3,116.20	2,909.60	2,896.20	2,743.30	3,192.40	2,822.50	2,773.80	2,677.80	2,903.40	2,807.50	2,417.90	2,893.80	2,943.00	2,981.10	3,337.50	2,992.80	3,230.70	3,085.40	3,104.20	3,402.10	3,055.50	2,973.40	3,128.70	2,950.80	3,323.40	3,049.70	3,175.90	3,448.10	3,134.10	3,115.20	3,123.90	3,443.90	3,321.70	3,221.00	3,491.80	3,220.90	3,346.90	3,249.40	3,946.80	3,663.00	3,362.30	3,679.20	3,539.40	3,613.70	3,638.30	3,277.50	3,358.20	3,686.30	3,720.60	3,650.80	3,590.20	3,431.60	3,814.70	3,499.60	3,432.20	3,342.50	3,522.10	3,333.80	3,563.60	3,383.60	3,397.00	4,044.80	4,005.40	4,204.40	4,249.10	3,969.50	4,387.40	3,709.20	3,947.40	3,759.50	3,333.90	3,411.90	3,208.60	3,279.30	3,121.10	3,254.00	3,150.30	2,746.40	2,977.30	3,491.20	3,375.50	3,492.50	2,997.90	3,226.60	3,840.00	2,853.30	3,348.80	3,104.00	3,299.60	3,571.30	3,284.60	3,452.40	3,704.20	3,740.70	3,750.40	3,596.60	3,890.60	3,883.20	3,704.10	4,072.60	3,885.10	3,793.30	3,832.80	3,736.00	4,095.50	3,619.20	3,670.00	3,723.80	3,843.60	3,521.50	4,006.40	3,785.70	3,802.20	4,138.50	3,712.90	3,427.30	3,591.90	3,414.30	3,459.90	3,806.30	3,634.20	3,932.90	4,254.40	3,637.10	3,758.30	3,698.00	3,820.20	3,986.80	3,808.30	3,595.30	3,879.60	3,832.10	3,988.40	4,233.20	4,477.60	4,038.20	4,086.20	4,203.80	4,298.30	4,123.40	4,136.50	4,178.50	4,166.20	4,262.70	4,358.60	4,425.50	4,303.60	4,601.00	4,430.00	4,604.00	4,452.20	4,409.90	4,324.20	4,824.80	4,394.70	4,500.10	4,368.30	4,124.10	4,231.30	4,316.70	4,183.00	4,470.70	4,581.10	4,419.10	4,517.50	4,335.60	4,820.70	4,672.70	4,640.60	4,658.60	4,490.50	4,657.90	4,641.50	4,511.60	4,606.30	4,778.90	4,802.30	5,535.10	4,929.60	4,851.60	5,471.10	5,230.90	5,397.70	5,457.10	5,448.70	5,843.30	5,229.00	5,093.40	5,109.00	5,494.70	5,767.80	5,655.40	5,458.20	5,434.30	5,756.20	5,183.90	5,155.50	5,381.50	5,187.40	5,626.00	5,631.10	5,996.30
			China	201.8	211.1	199.6	215.9	222.5	206.5	229.7	240.9	237.3	237.7	261.6	248	248.9	255.2	278.8	276.4	268.2	269.6	275.3	273.4	295.8	288.1	298.3	322.8	336.1	345.7	326.2	364	410.6	412.3	414.7	414.7	440.4	431.3	430.7	418.8	441.1	376.1	472.1	492	453	471.5	487.9	525.6	490.8	482.5	488.8	441	539.6	596.2	556.6	605.5	582	590.7	638.5	642.2	658.4	613.3	731.9	795.5	745.6	777.6	786.8	801.5	779.6	773.1	771	792.3	843.2	813.5	817.1	876.9	885.5	848.4	941.7	1,029.10	1,107.20	1,090.70	1,233.00	1,211.60	1,177.40	1,198.30	1,263.90	1,237.50	1,142.90	1,368.40	1,413.70	1,323.70	1,441.80	1,451.90	1,415.20	1,445.30	1,595.20	1,538.40	1,549.40	1,522.90	1,584.70	1,614.50	1,550.60	1,756.10	1,642.70	1,723.70	1,833.20	1,702.80	1,818.00	1,896.90	1,884.30	1,931.90	1,930.90	2,065.00	2,107.00	2,013.80	1,984.20	1,992.80	2,031.70	1,979.40	2,018.10	1,902.60	1,903.80	1,895.00	1,892.50	2,029.90	2,089.00	1,870.40	2,185.70	2,132.60	2,031.50	2,345.30	2,356.10	2,242.30	2,558.30	2,443.80	2,328.70	2,246.70	2,158.10	2,041.90	1,886.10	1,741.40	1,779.90	1,910.60	1,839.10	1,880.20	1,891.70	1,869.50	1,929.20	1,957.40	2,089.30	1,892.60	2,187.70	2,318.80	2,352.50	2,436.80	2,422.70	2,406.40	2,280.60	2,117.10	2,299.90	2,426.90	2,211.60	2,284.90	2,405.10	2,387.90	2,397.80	2,454.30	2,424.20	2,429.10	2,473.60	2,515.50	2,495.60	2,377.50	2,639.40	2,658.00	2,530.40	2,661.10	2,640.20	2,502.90	2,504.10	2,469.90	2,826.80	2,646.20	2,576.10	2,609.50	2,398.10	2,521.70	2,643.30	2,644.40	2,600.30	2,712.50	2,728.70	2,778.30	2,875.50	2,855.50	2,807.60	2,876.40	2,916.10	3,100.30	3,135.60	2,869.50	2,743.20	2,915.10	3,008.80	3,130.60	3,037.40	3,029.00	3,356.50	3,107.30	4,138.80	3,057.00	2,983.20	2,998.40	3,198.10	3,280.70	3,359.50	3,217.30	3,137.80	3,128.60	3,252.00	3,408.50	3,095.60	2,988.60	2,985.80	3,062.20	3,000.20	3,122.90	3,011.80	3,434.70	3,133.60	3,165.20	3,195.70	3,438.50	3,390.70	3,632.30	3,693.10	3,715.20	3,596.80	3,473.50	3,421.50	3,488.60	3,845.00	3,838.60	3,377.20	3,460.30	4,206.30	3,652.40	4,004.10	3,828.40	3,953.50	3,751.90	4,069.10	3,899.10	3,987.70	4,165.60	4,308.90	3,951.70	4,564.20	4,013.30	3,892.20	3,900.90	3,679.70	3,655.10	3,831.40	3,712.30	3,526.60	3,804.40
			Mexico	295.4	321.2	319.8	316.3	308.9	311.2	288.1	285.1	279.5	295.4	292.2	284.1	312.9	352.8	318.8	353.1	331	358.2	365.6	429.2	379.

Microsoft Word - assignment1.docx CECN-707 Economics of International Trade (online course) Dr. Emilia Barbu Ryerson University Spring/Summer 2020 1 CECN 707 - Economics of International Trade (Online...

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