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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 8
Identify each of the following transactions as an import, an export, or neither, from the perspective of the United States.
a) You purchase a BMW made in Germany.
b) You purchase a Toyota Camry made in Toyota's Kentucky plant.
c) Air France, an airline based in Paris, purchases a new 777 airplane from Boeing, a company based in Seattle.
d) You call customer service for your computer and are connected to a service representative in India.
e) You study in another country for a year.
f) A Russian programmer comes to New York City and takes a job with a bank.
a) You purchase a BMW made in Germany.
b) You purchase a Toyota Camry made in Toyota's Kentucky plant.
c) Air France, an airline based in Paris, purchases a new 777 airplane from Boeing, a company based in Seattle.
d) You call customer service for your computer and are connected to a service representative in India.
e) You study in another country for a year.
f) A Russian programmer comes to New York City and takes a job with a bank.
Explanation
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Verified
a)Purchasing goods or services of other ...
Economics: The Basics 1st Edition by Mike Mandel
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