Global Economy
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The document discusses key concepts in international trade including balance of trade, exchange rates, and factors that influence international business such as geography, culture, and examples of the US balance of trade with select countries. Balance of trade is the difference between a country's total exports and imports, and a positive balance is better for attracting trade partners. Exchange rates show the value of one country's currency compared to another, and geography and culture also impact international business activity and relationships.
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