Roger lives in Iceland and purchases a snowmobile manufactured in the United States. This purchase is
A. both a U.S. and Icelandic export.
B. both a U.S. and Icelandic import.
C. a U.S. import and an Icelandic export.
D. a U.S. export and an Icelandic import.
Ans: D. a U.S. export and an Icelandic import.
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A. recessionary; increase B. expansionary; increase C. expansionary; decrease D. recessionary; decrease
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