Imports Exports And Exchange Rates Crash Course Economics 15 When a country imports more than it exports. protectionism. placing high tariffs on imports and limiting the number of foreign goods to protect local businesses. exchange rate. how much your currency is worth when you trade it for another country's currency. balance of payments. a system of recording all of a country's economic transactions. What is a trade deficit? well, it all has to do with imports and exports and, well, trade. this week jacob and adriene walk you through the basics of imports.
Solution Reflection Paper Imports Exports And Exchange Rates Crash The annual difference between a country's exports and imports is called net exports. so, if brazil exports 250 billion dollars worth of goods and imports 200 billion, then its net exports are 50 billion. that means brazil has a trade surplus. in 2014, net exports in the u.s. were negative 722 billion dollars. that's what you call a trade deficit. Well, it all has to do with imports and exports and, well, trade. this week jacob and adriene walk you through the basics of imports, exports, and exchange. so, you remember the specialization and trade thing, right? so, that leads to imports and exports. economically, in the aggregate, this is usually a good thing. Leads to fall in us imports and rise in us exports. china. a country known for "pegging", aka manipulating exchange rate by buying large numbers of dollars to keep export prices low. this makes sure their exports to the u.s. have cheap prices. a government order that restricts trade with a specific country or countries for political reasons. A country that is well known for "pegging," or manipulating its exchange rate by buying large numbers of dollars. this manipulation has allowed this country to make sure that their exports to the u.s. continue to have cheap prices so americans will keep buying them. study with quizlet and memorize flashcards containing terms like international.
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