Multiple Choice
Mike,a U.S.citizen,buys $1,000 worth of cheese from France.His action alone
A) increases U.S.imports by $1,000 and increases U.S.net exports by $1,000.
B) increases U.S.imports by $1,000 and decreases U.S.net exports by $1,000.
C) increases U.S.exports by $1,000 and increases U.S.net exports by $1,000.
D) increases U.S.exports by $1,000 and decreases U.S.net exports by $1,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q55: Which of the following does purchasing-power parity
Q55: Which of the following is correct?<br>A)NCO +
Q68: A Mexican flour mill buys wheat from
Q69: In the U.S.a candy bar costs 50
Q73: Suppose that the exchange rate is 66
Q75: If people in the United States buy
Q76: You are staying in London over the
Q81: Assuming all other things equal, what would
Q101: In an open economy,gross domestic product equals
Q172: Why are net exports and net capital