An American Tourist Buys a Ticket to an Opera in Paris

question 40

Multiple Choice

An American tourist buys a ticket to an opera in Paris. The U.S. government classifies this transaction as:

• A) a goods' import of a French Opera.
• B) a service export.
• C) a service import.
• D) a goods' export.

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Definitions:

C$0.005

Represents a monetary value of five one-thousandths of a Canadian dollar.

C$1.0339

Specified value, possibly representing the exchange rate of 1 Canadian dollar to another currency at a certain point in time.

US$1.00

The monetary unit equal to one United States dollar, the official currency of the United States of America.

C$ Weakens

When the Canadian dollar decreases in value compared to another currency, making it less valuable in foreign exchange markets.