How would the following transactions affect UK exports, imports and net exports? a. A British art lecturer

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How would the following transactions affect UK exports, imports and net exports?

a. A British art lecturer spends the summer touring museums in Italy.

b. Students in Paris flock to see the latest Royal Shakespeare Company perform King Lear on tour.

c. The British art lecturer buys a new Volvo.

d. A student in Munich buys a Manchester United official team shirt (in Munich).

e. A British citizen goes to Calais for the day to stock up on French wine.

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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Question Posted: Apr 26, 2024 02:01 AM

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How would the following transactions affect UK exports, imports and net exports? a. A British art lecturer

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