Multiple Choice
Mike,a U.S.citizen,buys $1,000 worth of olives from Greece.By itself this purchase
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
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