AP Macro Unit 5 Summary

More documents

Recommendations

Info

Exports and Imports1. US sells cars to Mexico2. Mexico buys tractors from Canada3. Canada sells syrup t the U.S.4. Japan buys Fireworks from MexicoFor all these transactions, there aredifferent national currencies.Each country must be paid in their owncurrencyThe buyer (importer) must exchange theircurrency for that of the sellers(exporter).
The turnover in FOREX markets isalmost $4 trillion (USD) a dayCurrency CodesUSD = US DollarEUR = EuroJPY = Japanese YenGBP = British PoundCHF = Swiss FrancCAD = Canadian DollarAUD = Australian DollarNZD = New Zealand Dollar
Page 1 and 2: Unit 5: InternationalTrade1
Page 3 and 4: “Magic of Markets”Brown Bag Act
Page 5 and 6: Absolute and ComparativeAdvantage5
Page 7: Per Unit Opportunity Cost ReviewRon
Page 10 and 11: Sugar (tons)Sugar (tons)S W0 301.5
Page 12 and 13: Sugar (tons)Sugar (tons)WheatSugarU
Page 14 and 15: Input Questions:IOU=Input: Other go
Page 16 and 17: PineapplesRadiosKenyaIndia30 10(1P
Page 18 and 19: Comparative Advantage PracticeCreat
Page 20 and 21: Closed vs. Open EconomiesA closed e
Page 22 and 23: Balance of TradeNet Exports (X N )
Page 24 and 25: Balance of Payments (BOP)Balance of
Page 26 and 27: Current AccountThe Current Account
Page 28 and 29: Current or Capital Account?Identify
Page 30: Practice1. U.S. income increases re
Page 33: Video: Down and Out Dollar
Page 38 and 39: What happens if you need more dolla
Page 40 and 41: S&D for the US DollarsPrice of USDo
Page 42 and 43: FOREX ShiftersLet’s use the examp
Page 44 and 45: 3. Changes in Relative Price Level(
Page 46: PracticeFor each of the following e

AP Macro Unit 5 Summary

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?