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Assignment #1

Complete the assignment and upload on Canvas. The assignment is worth 50 points and it is due October 4th by midnight. You need to review the textbook and the additional publications found in the folder for assignment 1 to answer the questions.

Complete and submit your word document including ONLY your numbered answers. Make sure the number matches the question you are answering.

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Part 1: U.S. TRADE AND IMPACT (20 points)

TRADE PARTNERS. Look at the current Top U.S. Trade Partners tables (click on the following link to go to the URL address with the publication: Trading partners link) and answer the following questions:

1. Which three countries are the top Exporters into the U.S. from the December 2020 year to date figures? List them in order from high to low in terms of their value in U.S. Dollars (round to billions) as well as their percentage of total exports.

2. Which are the top three importers into the U.S.? List them in order from high to low in terms of their value in U.S. Dollars (round to billions) as well as their percentage of total imports.

3. How much (in percentage) of the total trade for 2020 correspond to the top three trading partners COMBINED? (Hint: you must calculate the percentage yourself by adding their individual percentages)

SUPPORTED JOBS. Print or download the following 4 publications from Canvas so you can look at them with ease: Jobs supported by state

Jobs supported by FDI

Jobs supported by export destination 2015

Exports FDI Texas

From the information in these publications, answer the following questions:

4. How many jobs in the U.S. were supported by 2015 export of total goods?

5. How many total jobs in the U.S. were supported by FDI in the U.S. (direct and indirect) in 2013?

6. Which state’s exports supported the highest number of jobs? How many? Which state was number 2?

7. Which are the top 2 industries in Texas for exports?

8. What is the dollar value of Texas exports going to Mexico (in billions)?

9. Many people in Texas are employed by foreign owned firms. Which countries are the top 5 foreign-employers in Texas?

10. What percentage of the exports from Texas are originated in the Dallas/Fort Worth/Arlington area? Which area is number one?

Part 2: CARBON FOOTPRINT (10 points)

The first part of the assignment relates to module 4 (sustainability and natural resources). Visit the following website and answer the questions to find out what is your “carbon footprint”. This exercise is a good way of knowing how much of a carbon footprint you have and hopefully gets you thinking about what things you can do to do your share in saving energy and saving the planet! Go to this link to begin:

http://www3.epa.gov/carbon-footprint-calculator/

11. What is your carbon footprint score?

12. Do you think you can lower your carbon footprint? How? Or why not?

Part 3: ECONOMIC AND POLTICAL FORCES (10 points)

Part two of the assignment relates to module 5 (political forces). You will first learn about what is economic freedom and then you will select a country to analyze its score. The Index of Economic Freedom is published by the Heritage Foundation every year and it ranks most countries from mostly free to mostly unfree.

(See explanation of the index measures here: (https://www.heritage.org/index/about ).

· Select a country that starts with the first letter of your last name (i.e. Brazil for Barua). If there is no country with your letter, then use the first letter of your first name. Once you select a country, find that country in the Index of Economic Freedom list:

https://www.heritage.org/index/

13. Which country did you select?

14. Take a look at the entire information about your selected country and try to understand why it has that standing of economic freedom. Summarize in one paragraph this country’s standing in the economic freedom index.

15. Explain the highest/lowest individual items in this country’s score. What explains that high or low score?

16. How is your country doing compared to others in its region?

17. How is your country doing compared to the United States

Part 4: CONCLUSION(10 points)

18. What did you learn from this assignment? Summarize in your own words in one to two paragraphs (maximum) what is your take away from this assignment.

Department of Commerce | International Trade Administration 2Updated May 2016

Jobs Supported by State Goods Exports in 2015

6.7 M Jobs Supported by GoodsExports in 2015 Total jobs supported by 2015 goods exports

Change in Jobs Supported by Goods Exports

• U.S. jobs supported by

total goods exports

have increased by 900

thousand since 2009

• Goods exports from

Texas, Washington,

California, Louisiana,

and Michigan supported

nearly half of this total

change

Jobs by Region

• Goods exports from

Texas, California,

Washington, Illinois, and

New York supported

41% of all U.S. jobs

supported by goods

exports in 2015

• Goods exports from the

South region supported

nearly 2.7 million jobs,

93% of which were

supported by the

export of manufactured

goods

Jobs Supported by Total Goods Exports, Ten States Whose Goods Exports Supported the Most Jobs

*Regions defined according to Census geographic definitions

South 2,675,849

West 1,500,963

Northeast 882,264

Midwest 1,658,942

California: 706,969 jobs

Indiana: 190,511 jobs

New York: 315,221 jobs

Georgia: 198,488 jobs

Florida: 243,755 jobs

Texas: 1,046,549 jobs

Washington: 375,009 jobs

Ohio: 260,436 jobs

Michigan: 270,240 jobs

Illinois: 333,674 jobs

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Change in Jobs Supported by Total Goods Exports, 2009-2015

Department of Commerce | International Trade Administration

Frequently Asked Questions

Additional resources • Trade Policy and Analysis http://www.trade.gov/mas/ian • Jobs Supported by Exports – http://www.trade.gov/mas/ian/employment

Updated May 2016

Source: Rasmussen and Hall. Jobs Supported by State Exports, 2015. Office of Trade and Economic Analysis, Industry & Analysis. May 2016. http://www.trade.gov/mas/ian/employment

Jobs Supported by State Goods Exports in 2015

Q: Where is the complete Jobs Supported by State Exports list? A: The complete list is available on our website at: http://www.trade.gov/mas/ian/employment.

Q: Why isn’t there detail for jobs supported by total (goods + services) state exports?

A: Unavailability of services export data by state prevents the estimation of state-level jobs supported by services exports and total (goods + services) exports.

Q: Can I add jobs supported by goods exports estimates from several states together to create a custom regional estimate?

A: Yes. For example, if I wanted to know the number of total jobs supported by exports from New York and New Jersey, I would add 315,221 and 137,140 to arrive at a total of 452,362 jobs that are supported by 2015 goods exports from New York and New Jersey combined. Out of an estimated 6.7 million jobs supported by goods exports from all 50 states, goods exports from New York and New Jersey together suppport about 6.7% of the national total.

Q: What does “origin of movement” mean and how does it impact these estimates?

A: The State Origin of Movement (OM) series is produced by the United States Census Bureau and generally provides export data based on the state from which the export began its journey to the port of export. However, in some cases, the origin of movement data do not reflect the state from which the export was initially transported. For example, when shipments are consolidated, the OM data will reflect the consolidation point of the shipment as opposed to the transportation origin.

Q: What is the difference between goods exports and manufactured exports? A: Goods exports include manufactured products as well as other products like

agricultural goods and natural resources commodities.

Department of Commerce | International Trade Administration 2Updated May 2016

Jobs Supported by State Goods Exports in 2015

6.7 M Jobs Supported by GoodsExports in 2015 Total jobs supported by 2015 goods exports

Change in Jobs Supported by Goods Exports

• U.S. jobs supported by

total goods exports

have increased by 900

thousand since 2009

• Goods exports from

Texas, Washington,

California, Louisiana,

and Michigan supported

nearly half of this total

change

Jobs by Region

• Goods exports from

Texas, California,

Washington, Illinois, and

New York supported

41% of all U.S. jobs

supported by goods

exports in 2015

• Goods exports from the

South region supported

nearly 2.7 million jobs,

93% of which were

supported by the

export of manufactured

goods

Jobs Supported by Total Goods Exports, Ten States Whose Goods Exports Supported the Most Jobs

*Regions defined according to Census geographic definitions

South 2,675,849

West 1,500,963

Northeast 882,264

Midwest 1,658,942

California: 706,969 jobs

Indiana: 190,511 jobs

New York: 315,221 jobs

Georgia: 198,488 jobs

Florida: 243,755 jobs

Texas: 1,046,549 jobs

Washington: 375,009 jobs

Ohio: 260,436 jobs

Michigan: 270,240 jobs

Illinois: 333,674 jobs

197

97

63 55 49 48 48 48 36 35 34 34 29 25 23

0

50

100

150

200

Te xa

s

W as

h in

g to

n

M ic

h ig

an

Lo u

is ia

n a

Ill in

o is

G eo

rg ia

C al

ifo rn

ia

So u

th C

ar o

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N ew

Y o

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Te n

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In d

ia n

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O h

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Ke n

tu ck

y

Pe n

n sy

lv an

ia

A ri

zo n

a

Th o

u sa

n d

s o

f J o

b s

Change in Jobs Supported by Total Goods Exports, 2009-2015

Department of Commerce | International Trade Administration

Frequently Asked Questions

Additional resources • Trade Policy and Analysis http://www.trade.gov/mas/ian • Jobs Supported by Exports – http://www.trade.gov/mas/ian/employment

Updated May 2016

Source: Rasmussen and Hall. Jobs Supported by State Exports, 2015. Office of Trade and Economic Analysis, Industry & Analysis. May 2016. http://www.trade.gov/mas/ian/employment

Jobs Supported by State Goods Exports in 2015

Q: Where is the complete Jobs Supported by State Exports list? A: The complete list is available on our website at: http://www.trade.gov/mas/ian/employment.

Q: Why isn’t there detail for jobs supported by total (goods + services) state exports?

A: Unavailability of services export data by state prevents the estimation of state-level jobs supported by services exports and total (goods + services) exports.

Q: Can I add jobs supported by goods exports estimates from several states together to create a custom regional estimate?

A: Yes. For example, if I wanted to know the number of total jobs supported by exports from New York and New Jersey, I would add 315,221 and 137,140 to arrive at a total of 452,362 jobs that are supported by 2015 goods exports from New York and New Jersey combined. Out of an estimated 6.7 million jobs supported by goods exports from all 50 states, goods exports from New York and New Jersey together suppport about 6.7% of the national total.

Q: What does “origin of movement” mean and how does it impact these estimates?

A: The State Origin of Movement (OM) series is produced by the United States Census Bureau and generally provides export data based on the state from which the export began its journey to the port of export. However, in some cases, the origin of movement data do not reflect the state from which the export was initially transported. For example, when shipments are consolidated, the OM data will reflect the consolidation point of the shipment as opposed to the transportation origin.

Q: What is the difference between goods exports and manufactured exports? A: Goods exports include manufactured products as well as other products like

agricultural goods and natural resources commodities.

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