AP Macro Unit 5 Summary

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What happens if you need more dollar tobuy one pound (the price for a poundincreases)?Ex: From $2=£1 to $5=£1•The U.S. Dollar DEPRECIATES relativeto the Pound.Depreciation•The loss of value of a country's currencywith respect to a foreign currency•More units of dollars are needed to buy asingle unit of the other currency.•The dollar is said to be “Weaker”
What happens if you need less dollar to buyone pound (the price for a pounddecreases)?Ex: From $2=£1 to $1=£4•The U.S. Dollar <strong>AP</strong>PRECIATES relative tothe Pound.Appreciation•The increase of value of a country'scurrency with respect to a foreign currency•Less units of dollars are needed to buy asingle unit of the other currency.•The dollar is said to be “Stronger”
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 and 34: Video: Down and Out Dollar
Page 35: The turnover in FOREX markets isalm
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

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