Mike, a Canadian citizen living in Canada, buys $30 of cheese from France. Which of the following correctly identifies the effects of this transaction?
A) It increases Canadian imports by $30 and increases Canadian net exports by $30.
B) It increases Canadian imports by $30 and decreases Canadian net exports by $30.
C) It increases Canadian exports by $30 and increases Canadian net exports by $30.
D) It increases Canadian exports by $30 and decreases Canadian net exports by $30.
Correct Answer:
Verified
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