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For each scenario, determine if it is an example of an import, export, income, or transfer. Assume that the United States is the domestic country.
For each scenario, determine if it is an example of an import, export, income, or transfer. Assume that the United States is the
domestic country.
a Rhode Islandbased Joe's Lobster Shack hires Villagebank a London investment bank to handle its initial public
offering IPO
import export
income transfer
b Scotland sends $ million to help the New Jersey Hurricane Relief Program.
import export
income transfer
c Nancy is a US citizen. She earned $ in dividends last year from her investment portfolio of European
shipping companies.
import export
income transfer
d Chicagobased Boeing sells new aircraft to Beijing Airlines.
import export
income transfer
e Jim, an NYU student, studied abroad at the University of Barcelona this summer. While there, he worked parttime at the
college's bookstore.
import export
income transfer
f Ohio Tech University pays $ million in stipends to its international students.
import export
income transfer
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