17.3 Financing and Trade Deficits
Unit 3 Lesson 3: Financing and Trade Deficits
Main Idea
A long lasting trade deficit affects the value of a nation's currency and the price and volume of its exports and imports.
Lesson Objectives
By the end of this lesson, students should be able to:
A long lasting trade deficit affects the value of a nation's currency and the price and volume of its exports and imports.
Lesson Objectives
By the end of this lesson, students should be able to:
- Describe how foreign currency is used in trade.
- Describe the problem of a trade deficit and the main solution to the problem.
Reading Assignment
Read pages 481 - 485 in Economics: Principles & Practices. Complete the Guided Reading Activity (print it) as you read. Turn it in after you have completed it.