Questions to answer for my chart, Nigeria being an developing country and the United States being an advance country.
A. Provide a brief overview of the findings that your research has revealed about the economic conditions of your two countries.
B. Compare
C. Describe the differences in population, population per square kilometer, male vs. female population, and urban vs. rural population, and explain how these differences may contribute to the economic disparities between your two chosen countries. (Economic Indicators 7-15 listed above.)
D. Analyze how each country’s life expectancy at birth, fertility rates, nourishment levels, education attainment, employment levels, and access to technology contribute to these countries’ differences. (Economic Indicators 16-25 listed above.)
E. Analyze how cultural differences, political structure, and social influences contribute to the economic disparities between your two chosen countries.
F. Discuss the value of recognizing and accommodating multiculturalism and diversity in a globalized economic environment and their roles in promoting long-run economic growth.
G. Provide a conclusion/summary.
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- The table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country A Automobiles Exports ($Billions) Imports ($Billions) 20 40 Pharmaceuticals 30 30 40 Clothing Country B Exports ($Billions) Imports ($Billions) Automobiles 0 Pharmaceuticals 40 Clothing 45 The IIT share is zero for in Country A and for O pharmaceuticals; pharmaceuticals O clothing; pharmaceuticals O automobiles: pharmaceuticals Oclothing; automobiles 0 20 40 35 in Country B.arrow_forward1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of timearrow_forwardPRICE (Dollars per ton) 865 Domestic Demand 830 795 760 725 690 655 620 585 550 515 7 0 40 80 Domestic Supply PW 120 160 200 240 280 320 360 400 QUANTITY (Tons of oranges) If Honduras is open to international trade in oranges without any restrictions, it will import A tariff set at this level would raise $ Suppose the Honduran government wants to reduce imports to exactly 160 tons of oranges to help domestic producers. A tariff of $ will achieve this. tons of oranges. in revenue for the Honduran government. per tonarrow_forward
- 1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time.2._______ The ability to produce a specific product moreefficiently than any other nation.3._______ Selling and shipping raw materials or products toother nations.4._______ The ability to produce a specific product moreefficiently than any other product.5._______ All business activities that involve exchangesacross national boundaries.6._______ The total flow of money into a country minus thetotal flow of money out of that country over thesame period of time.7._______ A tax levied on a particular foreign product entering a country.8._______ A complete halt to trading with a particular nationor in a particular product.9._______ An international barter transaction.10. _______ An internationally supported bank that providesloans to developing countries to help them grow.a. countertradeb. foreign exchange controlc. multilateral development bank (MDB)d. absolute advantagee. import…arrow_forward21. You have the following information acc. exported goods. Please, calculate CIF price for exporter. Provide your calculation Transportation by the main transport (vessel Export Transportation customs within the country cleaning Profit on realization of a Insurance of transportation of freight Import customs consignment of export cleaning freight) goods 350 2000 20000 4000 4300 1900 Costs of production of a consignment of goods (QTY is 60) 1000 Packing, marking 200 a. 490,8 b. 562,5 c. 424,17 d. 90,8arrow_forwardWrite each countries change in demand.arrow_forward
- Typed Plz Asap Don't use AI BOT to answerarrow_forwardIn Exercise 33.31, is there an ask where Venezuelans may say no thank you to trading with Canada?arrow_forwardPrice of Rice $/ton €140 True €120 €100 с False a b d e q D S The graph above reflects the market for rice in Spain. Suppose that the free trade price is 100euros, then Spain is an exporter of rice. 80 120 160 200 240 300 Quantity of Ricearrow_forward
- describe thisarrow_forwardUsing globalEDGE Identify the ten economies that had the highest total imports in merchandise trade for the most recent year available. Where does the Russian Federation rank? List the Import volumes (in correct units).arrow_forwardLet us consider the case of Venezuela. A tariff is imposed on imported clothes in Venezuela. In the presence of free trade, the quantity of clothes produced locally in Venezuela was 15532 per year. After the imposition of tariff, the quantity of clothes produced locally in Venezuela increased by two-fifth (2/5) or 40% compared to the estimate of the previous sentence when there was free trade. The quantity of clothes bought locally in Venezuela was 34470 per year before tariff. The quantity of clothes bought locally in Venezuela decreased by 33% in the presence of tariffs compared to what it was during free trade. a) What was the quantity sold locally per year after tariff ? Please give your answers in two decimal places b) What is the quantity of clothes imported in Venezuela in a month on average after the imposition of the aforementioned tariff? Please give your answers in two decimal places c) What is the percentage change in the quantity of clothes imported in Venezuela per year…arrow_forward
- Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStaxEssentials of Economics (MindTap Course List)EconomicsISBN:9781337091992Author:N. Gregory MankiwPublisher:Cengage Learning