16 Week Economics U6 E48

Front

the Balance of Trade and other financial inflows/outflows like investments

Back

Current Account

Front

More exports than imports

Back

Trade Surplus

Front

Balance of Trade

Back

BoT

Front

determines the relative price of goods traded internationally
e.g., 1 USD = 7.93 CHY

Back

Currency Exchange Rate

Front

The United States is currently running a __________.

Back

Trade Deficit

Front

Trade deficits can lead to job __________ in industries affected by increased imports.

Back

losses

Front

If the U.S. dollar _____________ against the euro, American consumers may import more European cars

Back

strengthens

Front

Large trade deficits can ___________ a country’s currency over time.

Back

weaken

Front

Benefits of Importing Goods: Consumers ____________ access to a wider variety of goods and services at lower prices.

Back

gain

Front

The U.S. finances its trade deficit by issuing _________.

Back

Treasury Bonds