Mexico Economy Economists generally divide a country’s economy into three broad sectors: primary, secondary, and tertiary. The primary sector is the sector using natural resources to produce raw materials, and includes oil extraction, agriculture, mining, and fishing. The secondary or industrial sector is the sector that uses raw materials to produce manufactured goods, and includes oil refining, textiles, and electronics. The tertiary or services sector provides services, and includes tourism, financial services, and health care. Exercises 25–30 are based on the following technology matrix for Mexico in 2008. (The sectors are in the order primary, secondary, and tertiary, and entries are rounded to two decimal places.)36
Determine how the three sectors of the Mexico economy would react to an increase in demand for tourism (tertiary sector) of 1,000 billion pesos and a decrease in the other two sectors of 1,000 billion pesos each.
Want to see the full answer?
Check out a sample textbook solutionChapter 4 Solutions
Bundle: Finite Mathematics, Loose-leaf Version, 7th + WebAssign Printed Access Card for Waner/Costenoble's Finite Mathematics, 7th Edition, Single-Term
- Working at home: According to the U.S. Census Bureau, 32% of men who worked at home were college graduates. In a sample of 519 women who worked at home, 165 were college graduates. Answer the following.arrow_forwardThe First Peoples of BC have always had a close relationship with the land. "Traditional Ecological Knowledge is, above all, local knowledge based in people’s relationship to place. It is also holistic, not subject to the segmentation of contemporary science. Knowledge about a specific plant may include understanding its life cycle, its spiritual connections, its relationship to the seasons and with other plants and animals in its ecosystem, as well as its uses and its stories." - Science First Peoples Teacher Resource Guide by First Nations Education Steering Committee To support seasonal food gathering and assess the health of plants and animals, First Peoples closely monitor seasonal changes and climate. Reliable information of weather patterns, ocean currents, and tides is crticial to safely conduct seasonal food gathering along the coast. Currently, there have been increased observations of environmental change, which is of concern to First Peoples and their relationship…arrow_forwardCholesterol Cholesterol in human blood is necessary, but too much can lead to health problems. There are three main types of cholesterol: HDL (high-density lipoproteins), LDL (low-density lipoproteins), and VLDL (very low-density lipoproteins). HDL is considered “good” cholesterol; LDL and VLDL are considered “bad” cholesterol. A standard fasting cholesterol blood test measures total cholesterol, HDL cholesterol, and triglycerides. These numbers are used to estimate LDL and VLDL, which are difficult to measure directly. Your doctor recommends that your combined LDL/VLDL cholesterol level be less than 130 milligrams per deciliter, your HDL cholesterol level be at least 60 milligrams per deciliter, and your total cholesterol level be no more than 200 milligrams per deciliter. (a) Write a system of linear inequalities for the recommended cholesterol levels. Let x represent the HDL cholesterol level, and let y represent the combined LDL VLDL cholesterol level. (b) Graph the system of inequalities from part (a). Label any vertices of the solution region. (c) Is the following set of cholesterol levels within the recommendations? Explain. LDL/VLDL: 120 milligrams per deciliter HDL: 90 milligrams per deciliter Total: 210 milligrams per deciliter (d) Give an example of cholesterol levels in which the LDL/VLDL cholesterol level is too high but the HDL cholesterol level is acceptable. (e) Another recommendation is that the ratio of total cholesterol to HDL cholesterol be less than 4 (that is, less than 4 to 1). Identify a point in the solution region from part (b) that meets this recommendation, and explain why it meets the recommendation.arrow_forward
- In Exercises 49-52, use the bar graph, which shows the receipts of the federal government (in billions of dollars) for selected years from 2008 through 2014. In each exercise, you are given the expenditures of the federal government. Find the magnitude of the surplus or deficit for the year. YearReceipts,RExpenditures,ERE20103457.1billionarrow_forwardCooling down with a cold drink before exercise in the heat is believed to help an athlete perform. Researcher J. Dugas explored the difference between cooling down with an ice slurry (slushy) and with cold water. Ten male participants drank a flavored ice slurry and ran a treadmill in a controlled hot and humid environment. Days later, the same participants drank cold water and ran on a treadmill in the same hot and humid environment. The following table shows the times, in minutes, it took to fatigue on the treadmill for both the ice slurry and the cold water. Subject Cold Water 1 52 2 37 3 44 4 51 5 34 6 38 7 41 8 50 9 29 10. 38 Ice Slurry 56 43 52 58 38 45 45 58 34 44 At the 1% significance level, do the data provide sufficient evidence to conclude that, on average, cold water is less effective than ice slurry for optimizing athletic performance in the heat? (Note: the mean and standard deviation of the paired differences are – 5.9 and 1.60…arrow_forwardCooling down with a cold drink before exercise in the heat is believed to help an athlete perform. Researcher J. Dugas explored the difference between cooling down with an ice slurry (slushy) and with cold water. Ten male participants drank a flavored ice slurry and ran a treadmill in a controlled hot and humid environment. Days later, the same participants drank cold water and ran on a treadmill in the same hot and humid environment. The following table shows the times, in minutes, it took to fatigue on the treadmill for both the ice slurry and the cold water. Subject Cold Water 1 52 2 37 3 44 4 51 5 34 6 38 7 41 8 50 9 29 10 38 Ice Slurry 56, 43, 52, 58, 38, 45, 45, 58, 34, 44 find a 98% confidence interval for the differences between the mean times to fatigue on a treadmill in a hot and humid environment after cooling down with cold water and after cooling down with an ice slurry.arrow_forward
- Identification: It is better known as the hypothesis of the status quo or the present thinking. It is actually that which is currently existing.arrow_forwardExercise 5 A multinational corporation (MNC) has two manufacturing facilities- one in Limerick, the other in Texas. Both produce identical products and employ roughly the same number of employees. The Operations Director randomly selects 25 weeks from the previous year's production figures. During each of the weeks chosen, employees worked 5 full days and no overtime. The production figures, in thousands, for each facility are as follows: Limerick Техas 3.8 3.8 4.1 3.7 3.9 3.5 3.6 3.7 3.4 3.7 3.7 3.7 3.9 3.7 3.9 3.8 3.8 3.5 3.6 3.7 3.5 3.6 3.5 3.6 3.7 3.5 3.8 4.1 3.8 3.6 4.0 3.9 3.8 3.7 3.8 3.6 3.6 3.6 3.6 3.8 3.8 3.9 3.9 3.9 3.8 3.5 3.7 3.5 3.6 3.6 (a) Produce a numerical and graphical statistical summary for the two facilities. (b) Produce a box plot showing the two sites in one graph (c) With 95% confidence interval, calculate the difference in means between the two plants. (d) What are your recommendations to the Operations Director N56o5 OO76 5 M333 3. N9o 79 M333 3 343 3. o770 co…arrow_forward5arrow_forward