1. Identify the following transactions as either an Import (on the – side) for the US or an Export (on the + side) for the US in their Balance of Payments and then indicate which area (of the 4) under the Current Account it would be recorded (i.e. Exports/Imports of goods)
a. The US sells wheat to Russia
b. Juan, an international student from Brazil, receives money from home.
c. I, an American citizen, take a flight on South African Airways
d. Juan pays his tuition to College
e. I receive a dividend from my stock holdings in Airbus (a European firm)