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Q: When in this country you are expected to negotiate the price of goods you wish to purchase?
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What country are you expected to negotiate the price of goods?

Germany


What is the error in this sentence Everybody is expected to work for the goods of the country no error?

Everybody is expected to work for the good of the country


How does trade affect production and consumption in each country?

Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.


What country manufacturers the most goods?

The US is number 1 in the manufacturing of goods, followed closely by China. China is expected to surpass the US by 2011. Germany is #3.


What effects does foreign exchange rate fluctuations have on importers?

If the exchange rate for a country goes up then the trading country will have to pay more to purchase goods from that country. If the exchange rate goes down then the trading country will have to pay less to purchase goods from that country.Conversely, if the exchange rate goes up for a country then it has strong purchasing power in that it can purchase goods from the trading country at a cheaper price. If the exchange rate goes down then it will have to pay more to purchase goods from their trading partners.For example, currently, because the UK has a strong pound against the US dollar, it makes our exports expensive to purchase by the US; however, we are able to purchase their goods relatively cheaply (property, holidays etc); conversely, the pound has weakened against the Euro thereby making our European holidays more expensive; however it makes it cheaper for the Europeans to come to the UK.


How does the open market product facilitate transaction processing?

In the open market people are free to purchase what they want. The free market allows people to negotiate and pay for the goods as they see fit.


What is the term for goods taken into a country?

Goods taken into a country are imported goods.


What does export and inport mean?

Export - selling goods out of the country/region (for example a country produces metal structures and sells them to the neighboring country) Import - purchasing goods in (for example a country needs to purchase grain because their own produce does not cover the needs)


What was the mercantile system which was imposed on American colonists by Britain?

Colonists ship raw materials to the mother country and purchase manufactured goods from the mother country.


What was the mercantile system which was imposed American colonists by Britain?

Colonists ship raw materials to the mother country and purchase manufactured goods from the mother country.


What was the mercantile systems which was imposed on American colonists by Britain?

Colonists ship raw materials to the mother country and purchase manufactured goods from the mother country.


What was the mercantilism system which was imposed on American colonists by Britain?

Colonists ship raw materials to the mother country and purchase manufactured goods from the mother country.

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