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Indicate how each of the following transactions affects U.S. exports, imports, and net exports. Transaction Effect On... U.S. Exports U.S. Imports U.S. Net Exports An American art professor spends the summer touring museums in Europe. Your parents go on a trip to Japan in late March for the Cherry Blossom season. Your uncle buys a new Volvo. The student bookstore at Yale University sells books published by Cambridge University Press. Your parents buy a bottle of French wine from a local wine store.
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