When Jamie, a U.S. citizen, purchases a wool jacket made in Ireland, the purchase is
a. both a U.S. and Irish import.
b. a U.S. import and an Irish export.
c. a U.S. export and an Irish import.
d. neither an export nor an import for either country.
b
Economics
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A) transmission mechanisms B) flow mechanisms C) distribution mechanisms D) allocational mechanisms
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The condition, MRS1,C = w, describes the representative consumer's
A) investment decision. B) consumption - savings decision. C) current period work - leisure decision. D) future period work - leisure decision.
Economics