How would the following transactions affect Thailand exports, imports and net
exports?
a) A Thai art professor spends the summer touring museum in Europe.
b) Your cousin living in Samut Sakorn buys a new Porsche.
c) A Canadian citizen shops at a store in Chiang Mai to avoid Canadian sales
taxes.
2. Would each of the following groups be happy or unhappy if Thai Baht appreciated?
Explain.
a) Flower importers in Thailand
b) Australian tourists planning a trip to Thailand
c) A Thai firm trying to purchasing property overseas.
3. Explain whether each of the following events will increase, decrease, or have no
effect on long-run aggregate supply.
a) Thailand experiences a wave of immigration from Burma and Cambodia.
b) Thai government raises minimum wage to 300 baht per day.
c) The flood damages factories along Ayuthaya factory zone.