1. Problems and Applications Q1 Indicate how each of the following transactions

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1. Problems and Applications Q1 Indicate how each of the following transactions affects US exports, imports, and net exports. Effect On. u.s. Imports U.S. Net Exports Transaction 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 auntie purchases a Panasonic camera. Your aunt buys a novel by a British author from a local bookstore. Your parents buy a bottle of French wine from a local wine store. U.S. Exports

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Ans:

Transcations and their effect on US exports,imports and net exports.

Transcation U.S. Exports U.S. Imports U.S. Net Exports Reason A British scholar spends a year at Harvard University as a visiting scholar No effect Increases Decreases import of service. Hundreds of people in London queue outside Apple stores to buy new iphones. Increases No effect Increases export of good. Your auntie purchases a panasonic camera. No effect Increases Decreases import of good. Your aunt buys a novel by a British author from a local bookstore. No effect Increases Decreases import of good. Your parents buy a bottle of French wine from a local wine store No effect Increases Decreases import of good.

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