Indicate how each of the following transactions affects U.S. exports, imports, and net exports. Transaction Effect On... U.S. Exports U.S. Imports U.S. Net Exports A British scholar spends a year at Harvard University as a visiting scholar. Hundreds of people in London queue outside Apple stores to buy new iPhones. Your uncle buys a new Volvo. Your aunt buys a novel by a British author from a local bookstore. A European family goes to Disney World in Florida for vacation.
Indicate how each of the following transactions affects U.S. exports, imports, and net exports. Transaction Effect On... U.S. Exports U.S. Imports U.S. Net Exports A British scholar spends a year at Harvard University as a visiting scholar. Hundreds of people in London queue outside Apple stores to buy new iPhones. Your uncle buys a new Volvo. Your aunt buys a novel by a British author from a local bookstore. A European family goes to Disney World in Florida for vacation.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 1PA
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Question
Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
Transaction
|
Effect On...
|
||
---|---|---|---|
U.S. Exports
|
U.S. Imports
|
U.S. Net Exports
|
|
A British scholar spends a year at Harvard University as a visiting scholar. | |||
Hundreds of people in London queue outside Apple stores to buy new iPhones. | |||
Your uncle buys a new Volvo. | |||
Your aunt buys a novel by a British author from a local bookstore. | |||
A European family goes to Disney World in Florida for vacation. |
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