Question

PLEASE HELP!!

Step 3: If you took an inventory of your house 200 years ago, would more or fewer items come from your home country?

Step 4: How has transportation helped shape what we buy?

Step 5: How have labor costs helped shape what we buy?


Part B

Directions: Read the definition of trade balance below. Use the graph to calculate the Trade Balance for 1850, 1900, 1950, and 2000.

Definition: The trade balance is the cost of the imports subtracted from the exports. The chart below shows information about the United States. Use what you just learned about imports, exports, and trade balance to complete the chart. The first one has been done for you.

Hint: Subtract the import from the export. If the 'import' is greater than the 'export' your answer will be a negative number, because the U.S. imported more goods than were exported.


Trade Balance:
1. 1800 = -20
2. 1850 = ?
3. 1900 = ?
4. 1950 = ?
5. 2000 = ?

Answer 1

I’m not able to see the chart. Since the chart is not visible, I will assume the export and import values for each year. Please note that these values are fictional and may not reflect the actual trade balance for the given years.

Assuming the export and import values are as follows:

Year: 1800
Export: $100
Import: $120
Trade Balance: Export - Import = $100 - $120 = -$20

Using the same approach, let's calculate the trade balance for the remaining years:

Year: 1850
Export: $200
Import: $180
Trade Balance: Export - Import = $200 - $180 = $20

Year: 1900
Export: $300
Import: $250
Trade Balance: Export - Import = $300 - $250 = $50

Year: 1950
Export: $400
Import: $350
Trade Balance: Export - Import = $400 - $350 = $50

Year: 2000
Export: $500
Import: $600
Trade Balance: Export - Import = $500 - $600 = -$100

Please note that these values are fictional and used for illustrative purposes. The actual trade balance would require specific export and import data for each year.