Chapter 6. Chapter 6

Data Exercises

Chapter 6

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Under Headlines: Nearly 20 Years After NAFTA, First Mexican Truck Arrives in U.S. Interior, the article discusses the opening of U.S. highways to Mexican trucks. In this question, you will be asked to analyze the trade data to determine what types of goods Mexico and the United States trade with each other.

The source of the data is the Massachusetts Institute of Technology (MIT), and they are available The Observatory of Economic Complexity To access the data:

1. On the top of the webpage open a new tab by selecting "Countries."

2. The page will open to a random country. On the address bar replace the three-letter country identifier with “mex.”

3. On the original webpage select “Countries” and replace the three-letter country identifier with “usa.”

Question

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To identify the largest categories of exports by percentage from Mexico, go to the Mexico page, look at the export chart, and identify the categories with the largest percentages.

Question

b. VTQUId7egPaB/C22v7xsFlPIbYCPnl4Aw/ioVJOY0nlX9/r1KwZIf8tmV0DVphWxLSUaatP4mN42he3iBTiYi7SlxGLl8EnfKF7bTPrUlzxsha+Ju8nbXeOx0uE40QFGI0vRHZu9Ykp0lcFsg2IpLS2XHAi+2/jDmsdDwAwuicfbTgUgeoNVOGyHbUCr6eejfYYJTqcbxQJHsIBYQEl7kQ==
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To identify the largest categories of imports by percentage into Mexico, go to the Mexico page, look at the import chart, and identify the categories with the largest percentages.

Question

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To identify the largest categories of exports by percentage from the United States, go to the United States page, look at the export chart, and identify the categories with the largest percentages.

Question

d. wT2tbIIJAaotrqIpEAaHxL34Ej0MGye2nex9I7HjgxDUPindAq6Lh/5EMrkygAqkxZHWW08Yz4ba91+eKvsllmdUz5gFvS1VELoxTN73orpJcKmaaOmVM64xWYuIDJM8Nz7J5zREpwJ6Qy2Bf4iRFofTfg0xRmRv1OQt64iGUQIcOic/RrPRjt7N6mj9ome3Jcm0OPTokSA=
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To identify the largest categories of imports by percentage into the United States, go to the United States page, look at the import chart, and identify the categories with the largest percentages.

Data Exercises

Chapter 6

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Now you will utilize the same data to determine trade patterns between the United States and Mexico.

Question

a. What percentage of exports from Mexico go to the United States?

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Correct answer: 73%. To identify what percentage of exports from Mexico go to the United States, go to the Mexico page, look at the Destinations chart, and identify the percentage of exports that go to the United States.

Question

b. What rank is the United States among Mexico’s export destinations?

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Correct answer: 1. To identify what percentage of exports from Mexico go to the United States, go to the Mexico page, look at the Destinations chart, and identify the percentage of exports that go to the United States. You can identify the rank by comparing the percentage of exports to the United States with the percentages going to other countries.

Question

c. What percentage of exports from the United States go to Mexico?

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To identify what percentage of exports from the United States go to Mexico, go to the United States page, look at the Destinations chart, and identify the percentage of exports that go to Mexico.

Question

d. What rank is Mexico among the United States’ export destinations?

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Correct answer: 2. To identify what percentage of exports from the United States go to Mexico, go to the United States page, look at the Destinations chart, and identify the percentage of exports that go to Mexico. You can identify the rank by comparing the percentage of exports to Mexico with the percentages going to other countries.

Data Exercises

Chapter 6

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Comparing the data from the first two questions and Table 6-3, choose whether the following statements are correct or incorrect:

Question 6.1

The data demonstrate the validity of the assumption, as Mexico both imports and exports varieties of petroleum goods and cars/car parts, and the United States both imports and exports varieties of petroleum goods and cars.

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Question 6.2

The data, particularly those indicating Mexico is importing car parts from the United States and exporting cars to the United States, suggest that trade between Mexico and the United States is complementary, not substitute, goods.

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Question 6.3

The data show that Canada is the largest trade destination for goods from the United States and the second largest import origin for goods coming into the United States.

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