1. Classify each of the following as debits or credits in the U.S. balance of payments. (please put it in the balance of payments table)
a. Americans buy chocolate from the Swiss.
b. U.S. gives foreign aid to Bosnia.
c. British investors purchase U.S. government bonds
d. American tourists travel to Australia
e. Toyota builds a new plant in Ohio.
2. Who are the winners/losers of a weak/strong U.S dollar? Explain why.