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1 From a global economy perspective Is a stronger US Dollar or weaker US Dollar Better The US dollar has great influence on global economies as well as our own In order to understand this concept you must understand trading Trading is part of international business which is all business activities that involve exchanges across national boundaries Countries both import and export goods Exporting-selling and shipping raw materials or products to other nations Importing-purchasing raw materials or products in other nations and bringing them into ones own country The total value of nations exports minus the total value of its imports over some period of time is called the Balance of trade It is not good to have a negative balance of trade A negative balance of trade is called a trade deficit When a country exports more than it imports then it is considered a favorable balance of trade Countries can put restrictions on regarding trading with other countries Some of these include Tariffs-a tax levied on a particular foreign product entering a country Dumping- exporting a mass amount of goods at a lower price than that of the same product in the home market Nontariff barrier-a nontax measure imposed by a government to favor domestic trade Import Quota- a limit on the amount of a particular good that may be imports into a country during a given period of time Embargo- A complete Halt in trading to a country or product A country can restrict the amount of a particular foreign currency that can be purchased or sold This is called foreign-exchange control A nation can also decrease or increase the value of its money relative to the currency of other nations This is referred to as Currency devaluation In other words this is the dollars Worth in other countries For example in the US the dollar is
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