Chapter 1. Chapter 1

Data Exercises
Data exercises
Chapter 1
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Under Headlines: Sum of iPhone Parts: Trade Distortion, the article discusses how although we think of the iPhones as being “Made in China”, they are actually assembled in China from parts that for the most part come from countries other than China. In this question, you will be asked to analyze trade data to determine which regions trade the most and which regions trade the least.

The source of the data is the World Trade Organization, and it is available World Trade Organization. To access the data:

  1. On the “Trade and tariff maps”; drop-down menu, choose “Merchandise exports”.
  2. Use the world trade map that is displayed to answer the following questions:

Question 1.1

To identify the regions with the greatest share of merchandise exports, first refer to the legend to determine the colors used to denote the percentages of world merchandise exports. Then identify those countries with the greatest percentages of merchandise exports, and determine which regions these countries are included in.

Question

a. Which three regions of the world had the greatest share of merchandise exports?

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To identify the regions with the greatest share of merchandise exports, first refer to the legend to determine the colors used to denote the percentages of world merchandise exports. Then identify those countries with the greatest percentages of merchandise exports, and determine which regions these countries are included in.
question_ch01_a

Question

b. Which three regions of the world had the smallest share of merchandise exports?

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To identify the regions with the smallest share of merchandise exports, first refer to the legend to determine the colors used to denote the percentages of world merchandise exports. Then identify those countries with the smallest percentages of merchandise exports, and determine which regions these countries are included in.
question_ch01_b
Data Exercises
Chapter 1
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Now you will utilize numerical data to obtain specific information on regional trade patterns, using data from the World Trade Organization located World Trade Organization

To access the data, look under “2. Trade by Region” and then click on “Table I.4 Intra- and inter-regional merchandise trade, 2014” to open the data set.

Question

a. Looking at the data for the “Share of regional trade flows in each region’s total merchandise exports,” what is the value of the share of regional trade flows for North America that is within North America?

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To determine the correct answer, look at the “Share of regional trade flows in each region’s total merchandise exports” for North America, and look at the first column (“Destination, North America”) to find the value.

Question

b. What is the value of the percentage share of regional trade flows from Africa to Europe?

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To determine the correct answer, look at the “Share of regional trade flows in each region’s total merchandise exports” for Africa, and look at the third column (“Destination, Europe”) to find the value.
Data Exercises
Chapter 1
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Comparing the data from the first question on regional share of merchandise exports in global trade and the data from the previous question, the map in Figure 1-2, and what we know about global trade, choose the best answer.

Question 1.2

The chapter identifies all three of these factors as explanatory when looking at intra-regional trade in North America.
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Question 1.3

Africa’s proximity to Europe and its former colonial status explain why Europe is Africa’s largest trading partner.
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Question 1.4

Europe is an industrial region and a market for Chinese merchandise exports; therefore, it is the most likely trading partner.
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