Calculate the bilateral us cif

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Question: Calculate a trade-weighted world import price. Use the data in Table to calculate the U.S. world import price for corn:

a. Calculate the bilateral U.S. cif, import price for its corn imports from each trade partner.

b. Calculate the trade-weighted, bilateral cif import price U.S. imports from each trade partner.

c. Calculate the U.S. world import price as the sum of the trade-weighted bilateral cif import prices.

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Reference no: EM131500513

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