Question

Indicate how each of the following transactions affects US exports, imports, and net exports. Effect OnTransaction U.S. Exports U.S. Imports U.S. Net ExportsA British scholar spends a year at Harvard University as a visiting scholar. Your parents go on a trip to Japan in late March for the Cherry Blossom season. A Canadian buys a new Ford. The student bookstore at Yale University sells books published by Cambridge University Press. A European family goes to Disney World in Florida for vacation.a. increase b. decreasec. unchanged

Answer 1

Answer:

Transactions                                          Exports       Imports       Net Export

A British scholar spends a year at       Increase   Unchanged   Increase

Harvard University as a visiting

scholar.

Your parents go on a trip to Japan     Unchanged   Increase   Decrease

in late March for the Cherry

Blossom season.

A Canadian buys a new Ford.             Increase   Unchanged   Increase

The student bookstore at Yale           Unchanged   Increase   Decrease

University sells books published

by Cambridge University Press.

A European family goes to Disney     Increase   Unchanged   Increase

World in Florida for vacation

Note:

The export means selling of domestic goods and services into foreign nation.

The import means domestic purchases of goods and services from foreign nation.

Net export means the difference between the total export and total import of a nation.