Explain the impact of each of the following on our country's exports and imports:
a. Our domestic product and income increase.
b. Foreign domestic product and income decrease.
c. Our price level increases by 5 percent, with no change in the (nominal) exchangerate value of our currency and no change in the foreign price level.
d. Our price level increases by 5 percent, the foreign price level increases by 10 percent, and there is no change in the (nominal) exchange-rate value of our currency.