Identify whether each of the following elements represents an invisible import, a visible import, an invisible export
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Identify whether each of the following elements represents an invisible import, a visible import, an invisible export or a visible export on the UK current account.
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1. UK computer manufacturers buy semi-conductors from Malaysia. 2. Lloyds of London sells insurance to Chinese shipping companies.
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Answer Explanation 1 Scenario UK computer manufacturers buy semiconductors from Malaysia Analysis Payment UK pays Malaysia for the semiconductors Goods movement Semiconductors are imported into the UK ...View the full answer
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