For each of the items below, determine if it is an import, an export, income, or a transfer. Assume that the United States is the domestic country. 1. Jim, an NYU student, studied abroad at the University of Barcelona this summer. While there, he worked part-time at the college's bookstore.
2. Rhode Island-based Joe's Lobster Shack hires Villagebank (a London investment bank) to handle its initial public offering (IPO).
3. Dennis lives and works in San Diego. He uses his holiday bonus to buy an Italian handbag for his wife.
4. Svetlana works at Coke headquarters in Atlanta. She sends 10% of her salary to her parents in Bulgaria.
5. Ohio Tech University pays $30 million in stipends to its international students.
6. Nancy is a U. S. citizen. She earned S800 in dividends last year from her investment portfolio of European shipping companies.
7. Scotland send $50 million to help the New Jersey Hurricane Relief Program.
8. Chicago-based Boeing, sells 12 new aircraft to Beijing Airlines.

Astudent was asked to draw a demand and supply graph to illustrate the effect on the market for premium bottled water of a fall in the price of electrolyteselectrolytes used in some brands of premium bottled​ water, holding everything else constant. she drew the graph to the right and explained it as​ follows: ​"electrolyteselectrolytes are an input to some brands of premium bottled​ water, so a fall in the price of electrolyteselectrolytes will cause the supply curve for premium bottled water to shift to the right​ (from upper s 1s1 to upper s 2 right parenthesis .s2). because this shift in the supply curve results in a lower price left parenthesis upper p 2 right parenthesis commap2, consumers will want to buy more premium bottled water and the demand curve will shift to the right​ (from upper d 1d1 to upper d 2 right parenthesis .d2). we know that more premium bottled water will be​ sold, but we​ can't be sure whether the price of premium bottled water will rise or fall. that depends on whether the supply curve or the demand curve has shifted farther to the right. i assume that the effect on supply is greater than the effect on​ demand, so i show the final equilibrium price left parenthesis upper p 3 right parenthesisp3 as being lower than the initial equilibrium price left parenthesis upper p 1 right parenthesis .p1.​" where is the flaw in the​ student's argument? supply will shift inward. demand will not shift. demand will shift inward.