Assignment 3-1
i. Collect data on the following indicators for the state you selected for Assignment 1: Real GDP
per Capita, Education, Health Access, Agricultural production, manufacturing production,
services production
ii. Define each indicator (excluding those reported in Assignment 1&2) and justify the trend in each
indicator (from 1960-2020). Plot each indicator (The indicator on the Y axis and Years on the X
axis). (At least one paragraph the explain of justify the trend).
iii. Use the following Scatter plots: RGDPCAP versus Education, RGDPCAP versus health access,
RDDPCAP versus agricultural production, and RGDPCAP versus manufacturing production, and
RDPCAP versus services production. Elaborate on each graph. More specifically, how are the
variables related? What economic theories or intuitions can be used to justify the visualized
relationships? Is there any particularity related to the selected state? (At least one paragraph for
each scatter plot)
iv. Sum up the main points discussed in the essay and provide a clear conclusion on the
relationships observed in the selected state. Discuss the implications of this relationship for
policymakers and suggest areas for potential future research. (At least two paragraph)
v. Make sure to cite your sources in the text and provide a list of references. Line spacing (1.5 pts).
Write in plain English, use in-text APA citations. Submission must be done through Turnitin.
Assignment 3-2
The ongoing globalization has connected economic agents within and across countries. Both demanders
and suppliers have access to markets beyond their geographic locations. Accordingly, scholars have
defined international entrepreneurship as 1) the ability and willingness to establish and manage
international supply chain systems, 2) the ability to penetrate unfamiliar or familiar international
markets, 3) the ability to navigate through different country-specific legal systems, 4) partnering with
foreign businesses. Access to broader markets (domestic and foreign) will enhance economic growth
and thereafter international trade.
i. Identify international business opportunities for a US entrepreneur in the state you selected. List
and elaborate on strengths, weaknesses, opportunities, and threats the entrepreneur should be
aware of.
ii. Special instructions: From 3 to 4 pages (excluding the cover page, reference list, and appendix),
line spacing (1.5 pts). Write in plain English, use in-text APA citations. Submission must be done
through Turnitin.
