Irene Jones, a U.S. citizen, purchases a shirt from Walmart for $10 that Walmart imported from China for $5. How did these transactions change the values of U.S. and Chinese imports and exports and the U.S.–Chinese and Chinese–U.S. bilateral trade balances?

Answer rating: 100% (QA)

Impact of Irenes Shirt Purchase on Trade Values and Balances US Imports Increased by 10 the price Ir... View the full answer