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How would the following transactions affect U.S. exports, imports, and net exports? a. An American art professor spends the summer touring museums in Europe. b. Students in Paris flock to see the latest movie from Hollywood. c. Your uncle buys a new Volvo. d. The student bookstore at Oxford University in England sells a copy of this textbook. e. A Canadian citizen shops at a store in northern Vermont to avoid Canadian sales taxes.

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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985
BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985

Solutions

Chapter
Section
Chapter 13, Problem 1PA
Textbook Problem

How would the following transactions affect U.S. exports, imports, and net exports?

a. An American art professor spends the summer touring museums in Europe.

b. Students in Paris flock to see the latest movie from Hollywood.

c. Your uncle buys a new Volvo.

d. The student bookstore at Oxford University in England sells a copy of this textbook.

e. A Canadian citizen shops at a store in northern Vermont to avoid Canadian sales taxes.

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