1. A U.S. balance of trade surplus can result from

1. an increase in exports from the United States.
2. an increase in exports to the United States.
3. an increase in imports to the United States.
4. an increase in exports by foreign nations.
5. an increase in net exports by foreign nations.

2.

Water Bottles Coffee Mugs Leeville 5 2 Longland 6 3PL LRAS SRAS1 P1 AD1 YF RGDP = Y