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.

Question

Quizplus · Accepted Answer

The wool jacket is an Irish export since it is being sold to a U.S. citizen, and it is a U.S. import since it is being bought by a U.S. citizen. Therefore, it is both a U.S. import and an Irish export.