Suppose an Australian Citizen Buys Five Kegs of Bitburger Beer

question 124

Essay

Suppose an Australian citizen buys five kegs of Bitburger beer from Germany.Explain what happens to the German balance of payments in each of the following scenarios:
a.Bitburger decides to keep the Australian dollars.
b.Bitburger uses the proceeds to buy an abandoned factory in America to expand its operations overseas.
c.Bitburger uses the proceeds to send relief aid to an impoverished area of Latin America.

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Definitions:

Happiness

A condition of being well that is marked by feelings that vary from satisfaction to profound happiness.

Positive Emotions

Emotions that are experienced as pleasant and desirable, such as joy, gratitude, serenity, and love, contributing to overall well-being.

Early Hours

Refers to the first part of the day, usually the period shortly after midnight or dawn when it is still early morning.

Middle Hours

The time period roughly at the midpoint of a given time frame, such as the middle hours of a day or event.