Identify whether the given items are examples of imports, exports, or neither. Assume the United States is considered the domestic country. Heath lives in the United States and purchases a video game produced in Japan. a. neither b. import c. export Veronica lives in Tennessee and buys an orange grown in Florida. a. export b. import c. neither A Chinese consumer purchases a television produced in China. a. import b. export c. neither A farmer in Iowa sells corn to a food processing plant in China. a. export b. import c. neither Chevron drills for oil in the United States and sells this oil to refineries in Brazil and Mexico. a. neither b. export c. import
Identify whether the given items are examples of imports, exports, or neither. Assume the United States is considered the domestic country. Heath lives in the United States and purchases a video game produced in Japan. a. neither b. import c. export Veronica lives in Tennessee and buys an orange grown in Florida. a. export b. import c. neither A Chinese consumer purchases a television produced in China. a. import b. export c. neither A farmer in Iowa sells corn to a food processing plant in China. a. export b. import c. neither Chevron drills for oil in the United States and sells this oil to refineries in Brazil and Mexico. a. neither b. export c. import
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter15: International Trade And Finance
Section: Chapter Questions
Problem 6SQ
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Identify whether the given items are examples of imports, exports, or neither. Assume the United States is considered the domestic country.
Heath lives in the United States and purchases a video game produced in Japan.
a. neither
b. import
c. export
Veronica lives in Tennessee and buys an orange grown in Florida.
a. export
b. import
c. neither
A Chinese consumer purchases a television produced in China.
a. import
b. export
c. neither
A farmer in Iowa sells corn to a food processing plant in China.
a. export
b. import
c. neither
Chevron drills for oil in the United States and sells this oil to refineries in Brazil and Mexico.
a. neither
b. export
c. import
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