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Textbook Site for:
Fundamentals of Economics , Third Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Internet Exercises And Solutions
Chapter 1: Economics and the World Around You


1. International Trade
This chapter introduces the benefits of trade. Use the Internet to examine U.S. international trade. Examine the current U.S. Census Bureau trade statistics at http://www.census.gov/foreign-trade/statistics/highlights/top/index.html.

Below are the year-to-date trade statistics for May 2004. Find the most current report and fill in the table below. Note any changes.

Total Trade (goods) Year-to-Date May 2004

Rank

Country

Percentage of Total Trade

Current

Percentage

1

Canada

20.0%

______________

2

Mexico

11.8%

______________

3

China

9.3%

______________

4

Japan

8.3%

______________

Exports (goods) Year-to-Date May 2004

Rank

Country

Percentage of Total Trade

Current

Percentage

1

Canada

23.1%

______________

2

Mexico

13.3%

______________

3

Japan

6.7%

______________

4

United Kingdom

4.6%

______________

Imports (goods) Year-to-Date May 2004

Rank

Country

Percentage of Total Trade

Current

Percentage

1

Canada

18.1%

______________

2

China

12.1%

______________

3

Mexico

10.9%

______________

4

Japan

9.2%

______________

Are there any new countries among the top four trading countries with the United States?


2. College Attendance
The Preview discusses the choice between going to college or not. Use the Internet to examine the number of people who choose to attend college. Go to the table of contents and data found in the Statistical Abstract of the United Statesat http://www.census.gov/statab/www/freq.html. Click on the table for Education Attainment. Use the data in this table to create a graph.

Plot the percentage of each group that had four years or more of college on the vertical axis. Plot the year on the horizontal axis.

  1. Which group has the highest percentage with four or more years of college?

  2. What could explain the difference between males and females?

  3. Which two races have the greatest differentials between males and females in educational attainment?





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