Unit 7 Discussion: International Trade

Describe how the following transactions would affect U.S. exports, imports, and net exports: 

1. Students in Prague flock to see the latest movie from Hollywood. 
2. Mrs. Jones in Philadelphia buys a new Volvo.
3. The student bookstore at Oxford University in England sells a copy of a U.S. printed/authored textbook 
4. A Canadian citizen shops at a store in northern Vermont to avoid Canadian sales taxes. 
5. An American art professor spends the summer touring museums in Europe.