b10chap3 - 9/13/2011 1 Chapter 3: Doing Business Business...

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Unformatted text preview: 9/13/2011 1 Chapter 3: Doing Business Business in Global Global Markets Markets True or False? The continent of North America is home to the largest percentage of the worlds population. 9/13/2011 2 True or False? When the U.S. provides foreign aid to Pakistan and Afghanistan, a balance of payments inflow occurs. Component Component $ IN $ IN $ OUT $ OUT Net $ IN Net $ IN Trade Trade $1,663 $1,663 $2,153 $2,153-$490 $490 Tourism Tourism 174 174 154 154 20 20 Overseas Military Ops Overseas Military Ops 30 30-30 30 Foreign Aid Foreign Aid 45 45-45 45 Foreign Aid Foreign Aid 45 45-45 45 Foreign Investment Foreign Investment 762 762 347 347 415 415 Other Other 17 17 187 187-170 170 TOTAL TOTAL $2,616 $2,616 $2,916 $2,916-$300 $300 The difference between money coming into a country (from exports) and money leaving the country (from imports) plus other money flows. ` The goal is to have more money flowing into a country than out a favorable balance. ` An unfavorable balance is when more money flows out of a country. 9/13/2011 3 The total value of a nations exports compared to its imports measured over time....
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b10chap3 - 9/13/2011 1 Chapter 3: Doing Business Business...

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