For each of the following transactions, indicate how it would affect the U.S. balance of payments if

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For each of the following transactions, indicate how it would affect the U.S. balance of payments if exchange rates were fixed:
a. You spent the summer traveling in Europe.
b. Your uncle in Canada sent you $20 as a birthday present.
c. You bought a new Honda, made in Japan.
d. You bought a new Honda, made in Ohio.
e. You sold some stock you own on the Tokyo Stock Exchange.

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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