Teacher

Read and Review - Chapters 5, 6, 7, & 8. Ch. 5 - pg 109; Any septenary (7) terms & definitions. * Comparative Advantage- A situation in which a person or domain can show up to a specific product at a brand down opportunity cost than any(prenominal) otherwise person or country; the basis for specialization and trade. * Appreciation: An increase in the value of the dollar relative to the coin of other nation, so a dollar buys a larger meat of hostile currency so of foreign costlys. * Depreciation: A go down in the value of the dollar relative to another currency so a dollar buys a littler amount of the foreign currency and therefore of foreign goods. * trade Subsidies: government activity payments to domestic producers to enable them to reduce the outlay of a good or service to foreign buyers. * interchange pastures: The rate of exchange of champion nations currency for another nations currency. * opposed Exchange Market: A market in which the plate of one nation can be used to get the money of another nation; currency market. * Import Quota: A get imposed by a nation on the measure of a good that may be trade during some period of time. Ch. 5 - pgs 110 & 111; news report Questions; 1, 2, 3, 5, and 8 (answers only). 1.

The four major economic flows are -the flows of goods and go (trade) -the flows of capital equipment and weary (resources) -the flows of information and technology (information) -the financial flows (money). 2. internationalistic trade is genuinely important in the join States economic sys tem because it brings in revenue. of course! there is a demand for goods and function that arent soft accessible to people in the states, so trading with other countries for something that is a demand in our country allows prices to increase thus pitch in more(prenominal) revenue for the United States. as well by exporting goods and services internationally we are bringing in revenue. In terms of record book the United States trades more with industrially advanced...If you want to get a full essay, establish it on our website: OrderCustomPaper.com

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