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How the transactions would affect us exports

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Reference no: EM132549505

Question: 350-400 words

Describe how the following transactions would affect U.S. exports, imports, and net exports:

1. Students in Prague flock to see the latest movie from Hollywood.

2. Mrs. Jones in Philadelphia buys a new Volvo.

3. The student bookstore at Oxford University in England sells a copy of a U.S. printed/authored textbook

4. A Canadian citizen shops at a store in northern Vermont to avoid Canadian sales taxes.

5. An American art professor spends the summer touring museums in Europe.

Reference no: EM132549505

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