global economy

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Page 1: Global Economy

Avery TrendelBlock 3

Page 2: Global Economy

The difference between a country’s total exports and total imports is called the balance of trade

It is important for a country because the better trade position they have the more countries will want to trade with them.

Page 3: Global Economy

The exchange rate is the value of currency in one country compared with the value in another.

Examples of exchange rates One British pound is equal to $1.82 in our

dollars One Japanese Yen is equal to $0.009 in

our dollars.

Page 5: Global Economy

Geography is important when doing business internationally because location, climate, terrain, seaports, and natural resources of a country influence business activity.

For example: a nation with many rivers or seaports can easily ship products out.