Answer:
Transactions Exports Imports Net Export
A French historian spends a Increase Unchanged Increase
semester touring museums
and historic battlefields in
the United States.
Students in Paris flock to see the Increase Unchanged Increase
latest movie from Hollywood.
Your auntie purchases a Unchanged Increase Decrease
Panasonic camera.
Your aunt buys a novel by a British Unchanged Increase Decrease
author from a local bookstore.
Your parents buy a bottle of French Unchanged Increase Decrease
wine from a local wine store.
Note:
The export means selling of domestic goods and services into foreign nations
The import means domestic purchases of goods and services from foreign nation
Net export means the difference between the total export and total import of a nation.
The effects of the following on Imports, Exports, and U.S. Exports:
A French historian spends a semester touring museums and historic battlefields in the United States.
Exports increased because a foreigner was spending time and money on American made products. Net exports always increase when exports increase over imports.
__________________________________________________________
Students in Paris flock to see the latest movie from Hollywood.
Exports increased because the movie was made by the United States.
__________________________________________________________
Your auntie purchases a Panasonic camera.
Imports increased here because your auntie is American and bought things from a foreign country ( Japan). Net exports decrease when imports are more than exports.
__________________________________________________________
Your aunt buys a novel by a British author from a local bookstore.
Imports increase because the product is made by foreigners (British).
__________________________________________________________
Your parents buy a bottle of French wine from a local wine store.
Imports increase because the wine is made by foreigners (French).
__________________________________________________________
In conclusion, imports decrease net exports and exports increase net exports.
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